01:25 PM EDT, 04/29/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We cut our 12-month target by $6 to $61, 13x our FY 26 (Jun.) EPS of $4.70 (cut from $4.79; FY 25 cut to $4.35 from $4.40) vs. the 21x long-term mean. We believe a steep discount is justified given weak macro conditions and soft restaurant traffic trends. SYY is also banking on a strong FY 26, driven by expected productivity gains from its 2025 sales hiring cohort, an outcome we view as uncertain. Additionally, SYY's leverage ratio of 2.8x remains slightly above its long-term target range of 2.5x-2.75x. F3Q (Mar-Q) results were weak, though shares rebounded from pre-market lows as the company pointed to improving trends in March and April compared to February, which was significantly affected by adverse weather. The key question is whether restaurant foot traffic will continue to recover through the warmer months, especially as consumer sentiment has recently plummeted due to tariff and inflation concerns. Regardless, we believe FY 26 consensus estimates need to be revised downward following today's report.