Is the Sydney Airport (ASX:SYD) share price in the buy zone?

Much to the disappointment of some shareholders, there will be no Sydney Airport Holdings Pty Ltd (ASX: SYD) dividend in FY 2020.

This is the first time in its listed history that the airport operator hasn’t rewarded its shareholders with an annual paycheck.

But one leading broker believes the investors that stick with the company will be rewarded handsomely in the future.

Who is bullish on Sydney Airport shares?

According to a note out of Goldman Sachs, its analysts have retained their buy rating and $7.02 price target on its shares.

Based on the current Sydney Airport share price, this price target implies potential upside of just under 9% over the next 12 months excluding dividends.

This stretches to almost 11% if you include…