Sysco (SYY) Stock: $102 Price Target And Strong Buy Rating

By Amit Chowdhry ● May 10, 2022
  • The shares of Sysco (NYSE: SYY) have received a $102 price target from CFRA. These are the details.

The shares of Sysco (NYSE: SYY) have received a $102 price target from CFRA. And CFRA analyst Paul Silverstein increased the price target on Sysco from $97 while maintaining a “Strong Buy” rating on the shares.

Silverstein adjusted the rating following the company’s third-quarter results. Sysco had reported a Q3 EPS of $0.71, which was $0.16 better than analyst estimates of $0.55. And the revenue for the quarter was $16.9 billion compared to the consensus estimate of $15.91 billion.

In terms of guidance, Sysco expects an FY 2022 EPS of $3.16-$3.26, compared to the consensus of $3.08.

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