Sysco Issues Statement on Trian Partners Announcement
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Jefferies Raises Price Target on Sysco Corp. (SYY) to $45 As Trian Takes 7% Stake
August 17, 2015 11:51 AM UTCJefferies reiterated a Hold rating on Sysco (NYSE: SYY), and raised the price target to $45.00 (from $39.00), as Trian announces 7% stake in SYY. Trian is pushing for a board seat, improvements in profitability, increased debt leverage for share buyback and better management incentives. The 7% stake... More
