Credit Suisse Upgrades Sysco (SYY) to Outperform

Credit Suisse upgraded Sysco (NYSE: SYY) from Neutral to Outperform with a price target of $43.00 (from $38.00), saying the risk/reward has turned more positive.

Analyst E. Kelly said, "While the company's attempted acquisition of US Foods remains highly uncertain, we see upside in the stock at the current price with or without the deal. Completion of the US Foods transaction would be positive for the stock given the benefits of consolidation."

For an analyst ratings summary and ratings history on Sysco click here. For more ratings news on Sysco click here.

Shares of Sysco closed at $37.49 yesterday.

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