Benzinga | Dec 15, 2021 12:41PM EST

Barclays Sees 17% Upside In Sysco

* Barclays analyst Jeffrey Bernstein upgraded Sysco Corp (NYSE:SYY) to Overweight from Equal Weight with a price target of $86, up from $80, implying a 17% upside.

* Bernstein told investors that the company offers a "compelling combination" of accelerating organic sales and EBITDA growth.

* He sees "outsized" global market share opportunities and the easing of transformation expenses for Sysco, all accelerated by "significant" disruption from the pandemic.

* Price Action: SYY shares are trading lower by 0.15% at $73.41 on the last check Wednesday.