United Natural Foods, Inc. Announces Termination of Albertsons Companies, Inc. Contract
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Morgan Stanley Downgrades United Natural Foods (UNFI) to Equalweight
July 22, 2015 8:24 AM EDTMorgan Stanley downgraded United Natural Foods (NASDAQ: UNFI) from Overweight to Equalweight with a price target of $63.00 (from $78.00).
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 $52.05 yesterday.
... MoreCanaccord Genuity Cuts Price Target to $65 Following United Natural Foods (UNFI) Loss of Albertsons Contract
July 21, 2015 10:40 AM EDTCanaccord Genuity maintained a Buy rating on United Natural Foods (NASDAQ: UNFI), and cut the price target to $65.00 (from $71.00), following the loss of Albertsons business. The contract will be terminate on September 20th. Analyst Scott Winkle lowered revenue forecast by 4-5% to reflect... More
United Natural Foods (UNFI) PT Cut to $76 at Jefferies on Loss of Albertson's
July 21, 2015 8:43 AM EDTJefferies analyst Mark Wiltamuth lowered his price target on United Natural Foods (NASDAQ: UNFI) to $76.00 (from $84.00) but maintained a Buy rating after the company announced the loss of Albertson's.
Wiltamuth commented, "UNFI announced the loss of Albertson's, its largest conventional grocery... More
UPDATE: Oppenheimer Downgrades United Natural Foods (UNFI) to Perform
July 21, 2015 8:16 AM EDT(Updated - July 21, 2015 10:24 AM EDT)
Oppenheimer downgraded United Natural Foods (NASDAQ: UNFI) from Outperform to Perform with a price target of $60.00 (from $70.00). Yesterday United Natural Foods announced that its contract as a distributor to Albertsons will end on September 20, 2015, rather than upon... More
Piper Jaffray Cuts Price Target on United Natural Foods (UNFI) to $67 Following Albertson's Contract Termination
July 21, 2015 7:15 AM EDTPiper Jaffray reiterated an Overweight rating on United Natural Foods (NASDAQ: UNFI), and cut the price target to $67.00 (from $80.00), following the reported contract termination of one of the company's largest customers, Albertson's. Analyst Sean Naughton thinks that the contract is worth $0.14/share.
Naughton... More
United Natural Foods (UNFI) Announces Termination of Albertsons Companies Distribution Contract
July 20, 2015 4:16 PM EDTUnited Natural Foods (NASDAQ: UNFI) announced that its contract as a distributor to Albertsons Companies, Inc. (Albertsons), which includes the Albertsons, Safeway and Eastern Supermarket chains, will terminate on September 20, 2015, rather than upon the original contract end date of July 31, 2016.
For the Company's fiscal year ending August 1, 2015, revenue from Albertsons is expected to be... More
