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31.03.26 - 15:48
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Sysco Receives a Downgrade From Citi Due to Debt Load (24/7 Wall St.)
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Sysco (NYSE:SYY) shares are down 16.16% since Friday's close after the company announced a $29.1 billion acquisition of Jetro Restaurant Depot. Citi responded by cutting its price target to $72 from $88, maintaining a Neutral rating, and warning that disproving the bear thesis could take years. Ticker Company Firm Old → New Rating New Price ... Sysco Receives a Downgrade From Citi Due to Debt Load
The post Sysco Receives a Downgrade From Citi Due to Debt Load appeared first on 24/7 Wall St.....
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30.03.26 - 20:18
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Markets Brace For Fallout | Open Interest 3/30/2026 (Bloomberg)
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Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Brent crude races to a record monthly gain as US and Iran tensions escalate, lifting aluminum after Gulf smelter strikes. Wall Street is on edge with hedge funds pulling back, and Sysco seals a $29 billion mega-deal for Jetro. York Space CEO Dirk Wallinger joins us in the C-suite on the race to dominate space, Democratic Strategist Adam Hodge joins us on rising geopolitical risk, and Ken Kencel, Churchhill Asset Managemetn President and CEO gives us his insight on mounting pressure across private markets. (Source: Bloomberg)...
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30.03.26 - 18:31
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Here’s Why Sysco’s “Transformative” Acquisition Is Sinking Its Stock (24/7 Wall St.)
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Foodservice distributors navigate a $400 billion U.S. market where independent restaurants demand steady supply at competitive prices. Inflation has cooled, yet labor and procurement costs remain sticky. Companies that bolt on higher-margin channels often unlock durable growth. Yet Sysco (NYSE:SYY) is tumbling more than 13% in noon trading today, after the company announced its $29.1 billion ... Here's Why Sysco's “Transformative” Acquisition Is Sinking Its Stock
The post Here's Why Sysco's “Transformative” Acquisition Is Sinking Its Stock appeared first on 24/7 Wall St.....
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