Sysco Corporation SYYhas been the market’s darling of late, courtesy of numerous growth initiatives. With focus on acquisitions being one of the key endeavors, the stock has rallied 20.9% in a year, faring way better than the industrythat tumbled 14.3% in the same time frame. Rolling on these lines, the company recently concluded the previously announced buyout of Kent Frozen Foods – following which its shares have gained 4.
9%.Given this bullish run over just two trading sessions, we remain quite encouraged about the prospects from this take over, among the other strategies driving this Zacks Rank #3 (Hold) company.