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SYY
Benzinga
202 days

Sysco's Sales Perform Well, But Case Growth Concerns Weigh On Stock, Say Analysts

1. Truist Securities lowers SYY price forecast to $83, maintains Buy rating. 2. Adjusted EBITDA of $969 million fell short of estimates due to operating costs. 3. Total sales reached $20.151 billion, near analyst expectations, with solid EPS performance. 4. USFS case growth slowed to 1.4% from 2.7%, impacting future growth expectations. 5. Analysts remain optimistic about SYY's sales initiatives despite local growth challenges.

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FAQ

Why Neutral?

The lowered price forecast indicates caution, though SYY maintains Buy ratings from multiple analysts.

How important is it?

The article highlights key earnings metrics and expert forecasts impacting SYY's market perception.

Why Long Term?

Growth expectations rely heavily on future local case growth, potentially taking time to materialize.

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