Northland Upgrades United Natural Foods (UNFI) Following Earnings, Outlook; Shares Bounce

Shares of United Natural Foods (NASDAQ: UNFI) popped into positive territory Tuesday afternoon following a mid-day upgrade from Northland Securities' Christopher Krueger. After trading in the red for a portion of the intraday session, United Natural Foods shares are now up 1.1 percent to $50.80.

Krueger and Northland now rate shares of United Natural Foods an Outperform, up from Market Perform previously. The price target was raised from $42 to $58.

The boosted investment rating follows Q3 results and raised FY12 guidance from the company earlier.

For an analyst ratings summary and ratings history on United Natural Foods click here. For more ratings news on United Natural Foods click here.

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