Barclays Raising PT & Estimates on Whole Foods Market (WFM); Top Shelf

Barclays maintains an 'Equalweight' on Whole Foods Market (NASDAQ: WFM) price target raised from $74 to $88.

Analyst, Meredith Adler, points out several positive factors that WFM is currently doing including: 1) being competitive in the pricing categories; 2) looking at total profit growth not margins; 3) using technology and resources to cut costs; 4) alining stores with accurate demand per location (including sq footage).

Adler said, "We are raising our 3Q12 EPS estimate by $0.05 to $0.61, FY12 EPS by $0.17 to $2.48, and FY13 EPS by $0.29 to $2.93."

For an analyst ratings summary and ratings history on Whole Foods Market click here. For more ratings news on Whole Foods Market click here.

Shares of Whole Foods Market closed at $84.31 yesterday.

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