Sysco Corporation (NYSE:SYY) is among the 12 Best Income Stocks to Buy Now, according to insidermonkey.com. Piper Sandler lowered its price target on Sysco to $80 from $81, maintaining a Neutral rating due to demand pressures in the restaurant industry, the company’s largest customer base. Despite beating first-quarter estimates, Sysco left its full-year outlook unchanged, citing economic uncertainty and cost management strategies.

Management credited the first-quarter increase in gross profit to effective cost management and sourcing decisions, leading to a 13 basis points expansion in gross margin to 18.5%. Sysco expects fiscal 2026 sales growth of 3-5% and annual adjusted profit growth of 1-3%. Sales in the US foodservice segment rose 2.9% in the quarter, with adjusted profit exceeding analyst estimates at $1.15 per share on net sales of $21.15 billion.

Sysco Corporation is the world’s largest food distributor, serving restaurants, schools, hospitals, hotels, and other businesses that prepare meals away from home. While Sysco offers investment potential, certain AI stocks may have greater upside potential and lower downside risk. For those looking for an undervalued AI stock poised to benefit from current trends, consider exploring insidermonkey.com’s report on the best short-term AI stock.

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Read more at Yahoo Finance: Piper Sandler Maintains Neutral View on Sysco (SYY) Despite Demand Pressures