Wedbush Starts United Natural Foods (UNFI) at Outperform
Get Alerts UNFI Hot Sheet
Rating Summary:
8 Buy, 23 Hold, 7 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 9 | Down: 8 | New: 10
Join SI Premium – FREE
Wedbush initiates coverage on United Natural Foods (NASDAQ: UNFI) with a Outperform rating and a price target of $94.00.
Analyst Phil Terpolilli comments, "We believe the acquisition of West Coast-based Tony's Fine Foods gives UNFI an appropriate platform to be able to drive incremental revenue growth in previously non-core categories. Furthermore, company distribution center builds and increasing scale give us little concern in the near term that UNFI will face any meaningful competitive pressures from either peer distributor or supplier consolidation."
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 $77.96 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Upgrades Xinte Energy Co Ltd (1799:HK) to Hold, 'cost cutting efforts likely to keep away from loss making'
- UBS Downgrades Vista Oil & Gas, S.A.B. de C.V. (VIST) to Neutral
- Morgan Stanley Downgrades Sanbio Co Ltd. (4592:JP) (SNBIF) to Equalweight
Create E-mail Alert Related Categories
Analyst Comments, New CoverageRelated Entities
Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!