Canaccord Genuity Maintains a 'Buy' on United Natural Foods (UNFI); Raising PT & Estimates

Canaccord Genuity maintains a 'Buy' on United Natural Foods (NASDAQ: UNFI) price target raised from $45 to $50.

Analyst, Scott Van Winkle, said, "The robust natural/organic category growth, coupled with UNFI’s position as the leading distributor in the sector, should deliver strong sales/earnings growth...Raising F2012 and F2013 EPS estimates by a penny to $1.91 and $2.17, respectively, driven by a modest increase in our revenue forecasts."

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 $44.24 yesterday.

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