Wedbush Starts United Natural Foods (UNFI) at Outperform
Get Alerts UNFI Hot Sheet
Rating Summary:
8 Buy, 23 Hold, 7 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 20 | Down: 14 | New: 22
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Wedbush initiates coverage on United Natural Foods (NASDAQ: UNFI) with a Outperform rating and a price target of $94.00.
Analyst Phil Terpolilli comments, "We believe the acquisition of West Coast-based Tony's Fine Foods gives UNFI an appropriate platform to be able to drive incremental revenue growth in previously non-core categories. Furthermore, company distribution center builds and increasing scale give us little concern in the near term that UNFI will face any meaningful competitive pressures from either peer distributor or supplier consolidation."
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 $77.96 yesterday.
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