Analysts’ Opinions Are Mixed on These Services Stocks: Sysco Corp (NYSE: SYY), Darden (NYSE: DRI) and Ebay (NASDAQ: EBAY)

By Jason Carr

Analysts have been eager to weigh in on the Services sector with new ratings on Sysco Corp (NYSE: SYY), Darden (NYSE: DRI) and Ebay (NASDAQ: EBAY).

Sysco Corp (NYSE: SYY)

BMO Capital analyst Kelly Bania reiterated a Buy rating on Sysco Corp (NYSE: SYY) today and set a price target of $60. The company’s shares closed yesterday at $49.95.

According to TipRanks.com, Bania is ranked 0 out of 5 stars with an average return of -6.4% and a 46.8% success rate. Bania covers the Services sector, focusing on stocks such as Performance Food Group, US Food Holdings Corp, and The Chefs’ Warehouse.

Currently, the analyst consensus on Sysco Corp is Moderate Buy and the average price target is $55.57, representing an 11.3% upside.

In a report issued on June 23, Wells Fargo also reiterated a Buy rating on the stock.
Darden (NYSE: DRI)

In a report released today, Stephen Anderson from Maxim Group reiterated a Hold rating on Darden (NYSE: DRI), with a price target of $90. The company’s shares closed yesterday at $90.08, close to its 52-week high of $93.02.

Anderson said:

“DRI posted F4Q17 (May) pro forma EPS of $1.18, above the $1.15 consensus, but below our $1.19 estimate. Excluding the Cheddar’s acquisition, DRI’s blended comp of +3.3% beat our +2.5% estimate and the +2.4% Street mean. This was led by comps of +4.4% at Olive Garden and +3.5% at LongHorn.”

According to TipRanks.com, Anderson is a 4-star analyst with an average return of 8.7% and a 63.7% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Popeyes Louisiana Kitchen.

Currently, the analyst consensus on Darden is Moderate Buy and the average price target is $87.18, representing a -3.2% downside.

In a report issued on June 13, Jefferies also reiterated a Hold rating on the stock with a $80 price target.
Ebay (NASDAQ: EBAY)

Aegis Capital analyst Victor Anthony reiterated a Buy rating on Ebay (NASDAQ: EBAY) today and set a price target of $42. The company’s shares closed yesterday at $35.09, close to its 52-week high of $36.50.

According to TipRanks.com, Anthony is a 5-star analyst with an average return of 13.3% and a 64.4% success rate. Anthony covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Paypal Holdings, and Match Group Inc.

Currently, the analyst consensus on Ebay is Moderate Buy and the average price target is $37, representing a 5.4% upside.

In a report issued on June 12, Credit Suisse also upgraded the stock to Buy with a $44 price target.

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