BofA/Merrill Lynch Downgrades United Natural Foods (UNFI) to Underperform
BofA/Merrill Lynch downgraded United Natural Foods (NASDAQ: UNFI) from Neutral to Underperform with a price target of $50.00 (from $70.00). Analyst Robert Ohmes expressed concerns related to valuation and risks following the Albertson's contract loss.
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Shares of United Natural Foods closed at $62.54 yesterday.
