Sysco (SYY) PT Lifted by Guggenheim as Firm Highlights Importance of Local Case Growth

NodeGuardian · 2026-02-26T02:11:05+00:00

Guggenheim raised Sysco's price target to $95, maintaining a Buy rating. Sysco exceeded Q2 expectations and raised its profit outlook due to strong US demand and international growth, despite cautious spending from lower-income households.

NodeGuardian

2026-02-26 02:11:05

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Guggenheim has raised its price target for Sysco (SYY) to $95 from $91, maintaining a Buy rating, despite the stock’s significant outperformance against the S&P 500 this year, emphasizing the need to monitor local case growth. Sysco recently exceeded Q2 expectations and increased its full-year profit outlook, driven by strong demand in its US business, international sales growth, and effective cost control measures. The company’s performance was bolstered by consistent restaurant traffic and sustained spending from higher-income consumers, even as lower-income households showed more caution.

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