Canaccord Genuity Boosts Price Target on Natural Grocers (NGVC); Store Visits Boost Confidence

Canaccord Genuity lifted its price target on Buy-rated Natural Grocers (NYSE: NGVC) from $22 to $24.

"We believe Natural Grocers is well positioned in a favorable industry with a growth equation that should drive high revenue and earnings growth. We anticipate high-single-digit comps and 20% unit growth should drive industry-leading internal growth." The firm said recent store visits, including the newest version of the
prototype, have increased their confidence.

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

Shares of Natural Grocers closed at $21.11 yesterday.

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