Citi Retains a Neutral Rating on Sysco Corporation (SYY)

Core Viewpoint - Sysco Corporation (NYSE:SYY) is recognized as one of the best food stocks to buy in 2026, reflecting its strong market position and growth potential in the foodservice distribution sector [1]. Group 1: Analyst Ratings and Price Targets - Citi has maintained a neutral rating on Sysco Corporation, reducing its price target from $82 to $81 as part of a broader upgrade for the food distributors category, indicating a stronger position for distributors compared to restaurants [2]. - Barclays has confirmed an Overweight rating for Sysco, increasing its price target from $86 to $88, driven by a positive outlook for the restaurant group despite ongoing sales challenges in the industry [3]. Group 2: Financial Performance and Projections - As of January 9, 2026, Sysco's stock has increased by 1.11% year-to-date. The company anticipates sales growth of 3% to 5% for fiscal 2026, with adjusted profit expected to rise by 1% to 3% annually [4]. - In the latest quarter, sales in the U.S. foodservice segment increased by 2.9%, a decrease from 4.6% growth a year ago. Sysco holds a significant market share, accounting for 17% of the $370 billion U.S. foodservice distribution market [4].