Truist Securities raised its price target on Sysco (NYSE:SYY) to $94.00 from $90.00 and retained a Buy rating following the company’s fiscal second-quarter 2026 financial report. The upgrade follows results that included an earnings-per-share beat, an upward revision to guidance, and local case volume gains that exceeded expectations.
According to InvestingPro valuation data cited alongside the update, Sysco appears undervalued on a Fair Value basis, with analyst targets spanning $80 to $102. The firm’s market capitalization and operating scale were noted in the update: Sysco carries a market cap of $40.36 billion, with reported annual revenue of $82.03 billion and a reported return on equity of 85%.
Investors reacted strongly to the quarter. Sysco shares jumped 11.0% on the day of the earnings announcement, markedly outperforming the S&P 500’s 0.4% rise.
In its research note, Truist emphasized the company’s sales dynamics, calling out an acceleration in local case growth even as restaurant traffic decelerated during the fiscal second quarter. The firm attributed part of the performance to better sales force retention and improved productivity, which Truist identified as meaningful contributors to the quarter’s results.
Truist described Sysco’s implied guidance for the second half of fiscal 2026 as potentially conservative, leaving open the prospect of further upside from additional beats or guidance increases in coming quarters.
Other analyst moves followed Sysco’s earnings release, reinforcing the generally upbeat view among coverage analysts:
- UBS raised its price target to $95 and maintained a Buy rating, noting U.S. local case volumes improved by 140 basis points to 1.2%.
- Piper Sandler adjusted its price target to $83, citing positive case growth in the fiscal second quarter and indicating U.S. Foodservice case growth was in line with expectations.
- Guggenheim raised its target to $91 and stayed with a Buy rating after Sysco’s stock rallied by 11% on the earnings news.
- Bernstein increased its target to $90, highlighting stronger-than-expected top-line performance and that local case volume growth surpassed targets.
- BMO Capital reiterated an Outperform rating with a $90 price target, pointing to positive momentum across local markets.
Collectively, these analyst revisions reflect a broadly optimistic stance on Sysco’s near-term prospects following the fiscal second-quarter results. Firms cited improvements in local markets, case-volume trends, and operational drivers such as sales force retention and productivity as key elements underpinning the upgrades.
While the recent round of analyst upgrades and the stock’s sharp intraday rise underline investor enthusiasm, the research notes and Fair Value spread reflect a range of views on where Sysco’s shares should trade, with targets still ranging from the low $80s up to just over $100.
Given the information available, the market’s response and the consensus among several analysts point to elevated expectations for Sysco’s ability to sustain the momentum seen in the quarter.