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.