Soleil Securities Initiates Coverage on United Natural Foods (UNFI) with a Buy
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Soleil Securities initiates coverage on United Natural Foods (Nasdaq: UNFI) with a Buy. Price target, $29.
Soleil analyst says, "Recent stock price weakness is an excellent opportunity for investors to buy the stock, in our opinion...We believe the natural and organic industry will continue gaining share versus conventional grocers over the next 3-5 years despite the recent recession "hit." The natural and organic industry is highly fragmented, allowing ample growth opportunity through consolidation. United Natural provides a pure play investment opportunity in the natural/organic industry without assuming specific, retailer concept risk."
To see more analyst ratings on UNFI Click Here.
United Natural Foods, Inc. distributes natural, organic, specialty foods, and non-food products in the United States.
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