Goldman Sachs Starts United Natural Foods (UNFI) at Neutral

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Goldman Sachs initiates coverage on United Natural Foods (NASDAQ: UNFI) with a Neutral. PT $57.00.

As a leading distributor of natural, organic, and specialty food products in the US and Canada, the company is "positioned to benefit from secular tailwinds that we anticipate will drive 8% industry growth for the next decade," according to Goldman. In addition "several avenues of growth to outpace the industry, including new products and customers." That said, shares trade in-line with other growth peers in the sector and they would wait for a better entry point.

For an analyst ratings summary and ratings history on United Natural Foods click here. For more ratings news on United Natural Foods click here.

Shares of United Natural Foods closed at $56.17 yesterday, with a 52 week range of $32.83-$61.26.

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