BofA Maintains Buy Rating on Sysco (SYY)

Sysco Corporation (NYSE:SYY) is one of the 11 Best Consumer Staples Stocks to Invest In.

On April 24, 2026, BofA lowered its price target on Sysco Corporation (NYSE:SYY) to $91 from $102 previously and maintained a Buy rating on the shares as part of a broader update to restaurant-sector estimates ahead of calendar Q1 earnings.

On April 17, 2026, Sysco Corporation (NYSE:SYY) raised its quarterly dividend to 55c per share from 54c. The new dividend will be paid on July 24, 2026, to shareholders of record at the close of business on July 2, 2026.

Earlier in the month, Piper Sandler lowered its price target on Sysco Corporation (NYSE:SYY) to $77 from $83 and maintained a Neutral rating on the shares after the company announced a definitive agreement to acquire Restaurant Depot for total consideration of $29.1B. The firm said it was “quite surprised” by the deal and noted that it is not a fan of the transaction, adding that the negative share price reaction appeared rational and that it would not be a buyer on the pullback.

Sysco Corporation (NYSE:SYY) markets and distributes food and related products to restaurants and other food-away-from-home customers across the U.S. and international markets.

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