Jefferies Maintains Bullish Stance on United Natural Foods (UNFI) Following Analyst Meeting

Jefferies analyst Mark Wiltamuth reiterated a Buy rating and $78 price target on United Natural Foods (NASDAQ: UNFI) following results after the close.

Wiltamuth commented, "Yesterday's analyst meeting highlighted a multi-year opportunity for UNFI to expand from its traditional center-of-store wholesaling into the higher growth perimeter as it leverages investment in multi-temp capacity and the recent Tony's Fine Foods acquisition (meats/cheese/specialty). Nearer-term, an uptick in inventory out-of-stocks could limit upside in 2015. Fueled by 9-11% industry growth, UNFI remains our top pick in the natural/organic space."

The firm trimmed FY 2014 EPS from $2.96 to $2.94 and FY 2015 EPS from $3.37 to $3.36.

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 $65.61 yesterday.

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