Sysco price target raised to $92 from $87 at BofA

BofA raised the firm’s price target on Sysco (SYY) to $92 from $87 and keeps a Buy rating on the shares. The firm is fine-tuning estimates for companies across its restaurants coverage in a Q4 results preview for the group, noting that Black Box industry data same-store sales growth improved in November from October for all restaurant segments, while December showed deceleration across segments excluding family dining.