BofA/Merrill Lynch downgraded Whole Foods Market (NASDAQ: WFM) from Buy to Neutral with a price target of $48. Analyst Robert Ohmes pointed to an uncertain comp outlook and concerns about its new lower-price store concept.

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 $47.72 yesterday.