Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Sysco Corporation (NYSE: SYY) improved of late. SYY’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Sysco Corporation (NYSE: SYY) stock increased 1.4% on 5/10/24. The shares closed at $76.17. However, this advance was accompanied by unusually low trading volume at 66% of normal. Relative to the market the stock has been strong over the last nine months and has risen 2.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, SYY is expected to continue to be a major Value Builder.
Sysco has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Sysco has a neutral Appreciation Score of 52 but a good Power Rating of 71, and the Positive Value Trend Rating results.
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