Deutsche Bank Starts Whole Foods Market (WFM) at Buy; See EPS Upside to FY12 Guidance
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Price: $41.99 --0%
Rating Summary:
6 Buy, 25 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 25 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank initiates coverage on Whole Foods Market (NASDAQ: WFM) with a Buy. PT $75.00.
Deutsche analyst says, "We are initiating on WFM with a Buy Rating and a $75 PT based on the following key points: 1) we prefer retailers with strong structural advantages (vs. its peers) and WFM fits that bill given its healthy/organic niche; 2) we also like companies where earnings revisions are moving higher and we see EPS upside to the 2012 outlook; and 3) WFM is a much stronger player today (vs. 2008) with a healthier capital structure (no debt), more efficient capital/expense discipline, and improved value positioning."
"We are forecasting 4Q11 EPS to be $0.42, up from $0.33 in 4Q:10 (+25% year-over-year) and $0.01 above the Street as solid ID sales continue to lead EPS higher...All told, we believe WFM could deliver FY12 EPS of close to $2.50 per share when all is said and done, but we believe it prudent to keep the bar low, particularly given the recent volatility in the equity markets."
For more ratings news on Whole Foods Market click here and for the rating history of Whole Foods Market click here.
Shares of Whole Foods Market closed at $66.56 yesterday.
Deutsche analyst says, "We are initiating on WFM with a Buy Rating and a $75 PT based on the following key points: 1) we prefer retailers with strong structural advantages (vs. its peers) and WFM fits that bill given its healthy/organic niche; 2) we also like companies where earnings revisions are moving higher and we see EPS upside to the 2012 outlook; and 3) WFM is a much stronger player today (vs. 2008) with a healthier capital structure (no debt), more efficient capital/expense discipline, and improved value positioning."
"We are forecasting 4Q11 EPS to be $0.42, up from $0.33 in 4Q:10 (+25% year-over-year) and $0.01 above the Street as solid ID sales continue to lead EPS higher...All told, we believe WFM could deliver FY12 EPS of close to $2.50 per share when all is said and done, but we believe it prudent to keep the bar low, particularly given the recent volatility in the equity markets."
For more ratings news on Whole Foods Market click here and for the rating history of Whole Foods Market click here.
Shares of Whole Foods Market closed at $66.56 yesterday.
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