Morgan Stanley Downgrades United Natural Foods (UNFI) to Equalweight
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Imperial Capital Cuts Price Target to $65 After United Natural Foods (UNFI) 2Q and Albertsons Contract Loss
July 23, 2015 8:46 AM EDTImperial Capital maintained an In-Line rating on United Natural Foods (NASDAQ: UNFI), and cut the price target to $65.00 (from $82.00), following 2Q15. UNFI announced that the Albertsons contract is terminating ahead of schedule, and will terminate on 9/20/15. As a result, analyst Mitchell Pinheiro is lowering FY16 revenue and EPS estimates.
Pinheiro... More
Wedbush Downgrades United Natural Foods (UNFI) to Neutral
July 22, 2015 8:17 AM EDTWedbush analyst Phil Terpolilli downgraded United Natural Foods (NASDAQ: UNFI) from Outperform to Neutral with a price target of $60.00 (from $74.00). The firm also removed the sock from the Wedbush Best Ideas.
Terpolilli commented, "On the one hand, we continue to believe UNFI... 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
BofA/Merrill Lynch Downgrades United Natural Foods (UNFI) to Underperform
July 21, 2015 7:12 AM EDTBofA/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.
For an analyst ratings summary and ratings... 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
