Sysco (SYY) Stock: $98 Price Target From JPMorgan

By Amit Chowdhry ● May 17, 2022
  • The shares of Sysco (NYSE: SYY) have received a $98 price target from JPMorgan. These are the details.

The shares of Sysco (NYSE: SYY) have received a $98 price target from JPMorgan. And JPMorgan analyst John Ivankoe increased the price target on Sysco from $85 while maintaining a “Neutral” rating on the shares.

Ivankoe adjusted the rating following the company’s third-quarter results. Earlier this month, Sysco 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 FY2022 EPS of between $3.16 and $3.26, compared to the consensus of $3.08.

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