Jefferies Boosts Price Target On United Natural Foods (UNFI)

Jefferies raised their price target on Buy-rated United Natural Foods (NASDAQ: UNFI) from $41 to $44.

The firm comments, "UNFI is now through the on-boarding of recent customer wins and gross margins should begin to stabilize over the course of FY12. These, coupled with continued sales strength and expense leverage, should help drive operating margins higher in 2H12, while the rollout of technology to the company’s DC’s should lead to further margin upside in FY13 and beyond."

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 $38.33 yesterday.

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