Sysco's Sales Perform Well, But Case Growth Concerns Weigh On Stock, Say Analysts

Truist Securities analyst Jake Bartlett reiterated a Buy rating on the shares of Sysco Corp SYY and lowered the price forecast from $85 to $83.For the second quarter, adjusted EBITDA of $969 million fell slightly short of the analyst’s estimate of $975 million and the consensus of $973 million, primarily due to operating costs, despite gains from a sale-leaseback arrangement.Total sales of $20.151 billion were close to the analyst’s estimate of $20.218 billion and the consensus of $20.097 billion and EPS of ...