Citi Lowers Sysco (SYY) Target Despite “Accretive” Deal Outlook [Yahoo! Finance]
Sysco Corporation (SYY)
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Source: Yahoo! Finance
Citi Lowers Sysco (SYY) Target Despite “Accretive” Deal Outlook On March 31, Citi lowered its price recommendation on Sysco Corporation (NYSE:SYY) to $72 from $88. It reiterated a Neutral rating on the shares. The firm said the stock declined after news of Sysco's planned acquisition of Jetro Restaurant Depot. The analyst said that while the deal is expected to be accretive, concerns around due diligence and execution risk are valid. Citi also noted that it could take years to disprove the bear case, which may leave an overhang on the stock for some time. On March 30, Reuters reported that Sysco had agreed to acquire catering supplier Jetro Restaurant Depot in a $29 billion deal. The move is aimed at expanding its reach among price-conscious independent restaurants. The company said it plans to fund the deal with $21 billion in new and hybrid debt, along with $1 billion in cash and equity. Jetro Restaurant Depot operates a wholesale cash-and-carry model, where customers pay upfro
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News
- Jim Cramer Says “For Sysco, the Jetro Acquisition's Superb” [Yahoo! Finance]Yahoo! Finance
- Sysco (SYY) had its price target lowered by UBS Group AG from $95.00 to $90.00. They now have a "buy" rating on the stock.MarketBeat
- Sysco (SYY) had its price target lowered by Guggenheim from $95.00 to $90.00. They now have a "buy" rating on the stock.MarketBeat
- Sysco: Jetro Restaurant Depot Acquisition Is A Long-Term Win [Seeking Alpha]Seeking Alpha
- Sysco (SYY) was downgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "buy (b-)" to "hold (c+)".MarketBeat
SYY
Earnings
- 1/27/26 - Beat
SYY
Sec Filings
- 4/2/26 - Form 8-K
- 4/2/26 - Form 4
- 4/2/26 - Form 425
- SYY's page on the SEC website