On January 7, 2026, Citi reduced its price target for Sysco Corporation from $82 to $81, maintaining a neutral rating. The adjustment was part of Citi's broader projection upgrade for food distributors in 2026, with the firm noting distributors hold a stronger position than restaurants.
Also on January 7, Barclays confirmed its Overweight rating and increased its price objective for Sysco from $86 to $88. This change followed Barclays' 2026 restaurant group outlook, which highlighted ongoing sales difficulties in the industry. Barclays expects fast-casual and casual dining styles to lose market share to quick-service restaurants. The firm stated it remains optimistic about foodservice distribution despite persistent challenges.
As of January 9, 2026, Sysco's stock is up 1.11% year-to-date.
The company has reaffirmed its expectation for sales to grow 3% to 5% in fiscal 2026, with adjusted profit projected to rise 1% to 3% annually. In the latest quarter, sales in the U.S. foodservice segment increased by 2.9%, compared to 4.6% a year ago.
Morningstar reports that Sysco Corporation is the largest U.S. foodservice distributor, accounting for 17% of the highly fragmented domestic market valued at $370 billion.