Canaccord Genuity Upgrades United Natural Foods (UNFI) to Buy; Growth is Clear, Margin Improvement Looming
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Price: $47.66 -1.57%
Rating Summary:
11 Buy, 21 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
11 Buy, 21 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Canaccord Genuity upgraded United Natural Foods (NASDAQ: UNFI) from Hold to Buy, price target raised $1 to $45.
Canaccord analyst, Scott Van Winkle, said, "UNFI has grown substantially over the last 12 months, integrated acquisitions and just added its largest new customer (Safeway) during October, yet the shares are flat. We believe the investments over the last year will yield accelerated EPS growth over the coming quarters that will drive the shares...Raising F2013 EPS estimate to $2.16 from $2.13 on increased internal growth forecast."
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 $38.13 yesterday.
Canaccord analyst, Scott Van Winkle, said, "UNFI has grown substantially over the last 12 months, integrated acquisitions and just added its largest new customer (Safeway) during October, yet the shares are flat. We believe the investments over the last year will yield accelerated EPS growth over the coming quarters that will drive the shares...Raising F2013 EPS estimate to $2.16 from $2.13 on increased internal growth forecast."
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 $38.13 yesterday.
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