Bank of America's analyst, Sara Senatore, has revised the target price for Sysco Corporation (SYY, Financial), decreasing it from $92 to $81. Despite this adjustment, the analyst maintains a Buy rating on the stock.
This revision is part of a broader update involving over 20 companies within the restaurant and related sectors as Bank of America prepares for its first-quarter calendar preview. The adjustments reflect changes in market estimates and multiples, impacting the evaluation of Sysco and its peers in the industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Sysco Corp (SYY, Financial) is $84.15 with a high estimate of $92.00 and a low estimate of $75.00. The average target implies an upside of 17.30% from the current price of $71.74. More detailed estimate data can be found on the Sysco Corp (SYY) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Sysco Corp's (SYY, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Sysco Corp (SYY, Financial) in one year is $86.59, suggesting a upside of 20.7% from the current price of $71.74. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Sysco Corp (SYY) Summary page.
