Sysco price target lowered to $85 from $93 at Barclays

Barclays lowered the firm’s price target on Sysco (SYY) to $85 from $93 and keeps an Overweight rating on the shares. The company’s fiscal Q2 U.S. local case growth disappointed, similar to Q1, the analyst tells investors in a research note. The firm says that while January is challenged by inclement weather, Sysco’s fiscal 2025 guide was reiterated, with expected to accelerate in the second half of the fiscal year.