UPDATE: Morgan Stanley Reiterates Equal-Weight Rating, Removes PT on Sysco Corporation Following Management Meetings - Sysco (NYSE:SYY)

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In a report published Monday, Morgan Stanley analyst Vincent J. Sinisi reiterated an Equal-Weight rating on

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Sysco Corporation

(NYSE: SYY), but removed the $40.00 price target.In the report, Morgan Stanley noted, “Following a recent WSJ article that highlighted challenges facing the proposed US Foods merger, management meetings leave us reassured that the pending transaction is progressing in-line with Sysco's plans.”Sysco Corporation closed on Friday at $37.53.