Sysco stock trades at EUR 69.40 as acquisition funding advances

Sysco's stock is trading at EUR 69.40, a slight increase, as the company advances its acquisition of Jetro Restaurant Depot with a C$1.5 billion senior-notes offering. This financing, along with strong fiscal fourth-quarter revenue of USD 22.12 billion, supports the deal despite a recent reduction in JPMorgan's price target for Sysco to USD 95. Analysts are recalibrating expectations for the acquisition's funding implications.