Whole Foods Market (WFM): Finally a Catalyst - Credit Suisse

Credit Suisse analyst, Edward Kelly reiterated his Outperform rating on shares of Whole Foods Market (NASDAQ: WFM) and raised his price target to $40 after activist investor Jana Partners today announced an 8.8% stake in WFM, and appears to be pushing for an accelerated turnaround effort.

The analyst stated "we continue to see large opportunity in a fix or sell scenario" and raised his price target to $40 from $36.

For an analyst ratings summary and ratings history on Whole Foods Market click here. For more ratings news on Whole Foods Market click here.

Shares of Whole Foods Market closed at $34.17 yesterday.

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