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Argus Research Keeps Their Hold Rating on Sysco (SYY)

Tipranks - Tipranks - Mon Feb 2, 1:36AM CST

Argus Research analyst John Staszak maintained a Hold rating on Sysco on January 28. The company’s shares closed last Friday at $83.51.

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Staszak covers the Consumer Cyclical sector, focusing on stocks such as Choice Hotels, Las Vegas Sands, and Marriott International. According to TipRanks, Staszak has an average return of 8.7% and a 58.43% success rate on recommended stocks.

Sysco has an analyst consensus of Moderate Buy, with a price target consensus of $90.92, an 8.87% upside from current levels. In a report released on January 28, Piper Sandler also reiterated a Hold rating on the stock with a $83.00 price target.

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Based on Sysco’s latest earnings release for the quarter ending December 27, the company reported a quarterly revenue of $20.76 billion and a net profit of $389 million. In comparison, last year the company earned a revenue of $20.15 billion and had a net profit of $406 million

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