Longbow Research Upgrades Whole Foods Market (WFM) to Neutral

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Whole Foods (WFM) Price Deflation Should Be Better Than Feared - RBC

February 9, 2016 10:38 AM EST

RBC Capital analyst, William Kirk, raised his same store sales estimate on Whole Foods Market (NASDAQ: WFM) to be more in line with consensus and EPS that is two cents ahead of consensus on lower than expected food deflation. No change to Outperform rating or $37 PT.

After conducting quarterly work on Whole Foods, RBC is adjusting (slight raise) the comparable store estimate (-2.0% from -2.5%). This puts... More