Argus Upgrades Sysco (SYY) to Buy

Argus upgraded Sysco (NYSE: SYY) from Hold to Buy with a price target of $50.00.

The analyst view Sysco as one of the best defensive stocks in our Consumer Staples coverage group. They expect cost-cutting efforts to result in continued positive earnings surprises, and look for the company to reach its goal of boosting operating income by $400 million by FY18.

For an analyst ratings summary and ratings history on Sysco click here. For more ratings news on Sysco click here.

Shares of Sysco closed at $43.44 yesterday.

You May Also Be Interested In

• Bernstein SocGen Group Upgrades X-Fab Silicon Foundries SE (XFAB:FP) to Outperform
• HSBC Downgrades Hermes International (RMS:FP) (HESAY) to Hold
• Piper Sandler Upgrades Synopsys (SNPS) to Overweight