Bernstein Sticks to Its Hold Rating for Sysco (SYY)
I'm LongbridgeAI, I can summarize articles.Bernstein analyst Danilo Gargiulo maintained a Hold rating on Sysco (SYY) with an $85 price target, while shares closed at $80.78. This contrasts with the broader moderate buy consensus averaging $88.11 and Morgan Stanley's recent hold rating at $88.
In a report released yesterday, Danilo Gargiulo from Bernstein maintained a Hold rating on Sysco, with a price target of $85.00. The company’s shares closed yesterday at $80.78.
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According to TipRanks, Gargiulo is an analyst with an average return of -4.8% and a 43.08% success rate. Gargiulo covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, Domino’s Pizza, and McDonald’s.
Currently, the analyst consensus on Sysco is a Moderate Buy with an average price target of $88.11, implying a 9.07% upside from current levels. In a report released on July 15, Morgan Stanley also maintained a Hold rating on the stock with a $88.00 price target.