UBS Maintains a 'Buy' on Whole Foods Market (WFM); No Pink Slime Detected
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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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UBS maintains a 'Buy' on Whole Foods Market (NASDAQ: WFM) price target lowered from $100 to $104.
Analyst, Jason DeRise, said, "Whole Foods beats and raises, consensus estimates likely to rise 4%-6%: WFM reported Q2 12FY EPS of $0.64 vs consensus of $0.59 and UBSe $0.60. It raised the mid point of its comp sales guidance by ~50bps from 8.2% to 8.9% and increased its EPS guidance by $0.15-$0.16 to $2.44-$2.47 (consensus will likely increase by 4%-6%). The new guidance supports our view that consensus fades growth rates too soon (both in H2 12FY and beyond)."
"We increase our above consensus EPS for 12FY by 2.2% (to $2.48) and 13FY by 4.6% (to $2.48/$2.97, respectively). A higher starting point for gross margins provides more fuel to drive faster comp sales growth as GM% is gradually reduced back to 34%-35%."
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 $84.31 yesterday.
Analyst, Jason DeRise, said, "Whole Foods beats and raises, consensus estimates likely to rise 4%-6%: WFM reported Q2 12FY EPS of $0.64 vs consensus of $0.59 and UBSe $0.60. It raised the mid point of its comp sales guidance by ~50bps from 8.2% to 8.9% and increased its EPS guidance by $0.15-$0.16 to $2.44-$2.47 (consensus will likely increase by 4%-6%). The new guidance supports our view that consensus fades growth rates too soon (both in H2 12FY and beyond)."
"We increase our above consensus EPS for 12FY by 2.2% (to $2.48) and 13FY by 4.6% (to $2.48/$2.97, respectively). A higher starting point for gross margins provides more fuel to drive faster comp sales growth as GM% is gradually reduced back to 34%-35%."
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 $84.31 yesterday.
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