United Natural Foods (UNFI) PT Lowered to $25 at Pivotal Research Following Announced Supervalu Acquisition

Guggenheim Downgrades United Natural Foods (UNFI) to Neutral

July 27, 2018 6:07 AM EDT

Guggenheim downgraded United Natural Foods (NASDAQ: UNFI) from Buy to Neutral.

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 $34.48 yesterday.

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Credit Suisse Upgrades SUPERVALU (SVU) to Neutral Following Acquisition

July 27, 2018 5:00 AM EDT

Credit Suisse upgraded SUPERVALU (NYSE: SVU) from Underperform to Neutral with a price target of $32.50 (from $16.00).

For an analyst ratings summary and ratings history on SUPERVALU click here. For more ratings news on SUPERVALU click here.

Shares of SUPERVALU closed at $32.17 yesterday.

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Northcoast Downgrades United Natural Foods (UNFI) to Neutral Following Acquisition of Supervalu (SVU)

July 26, 2018 1:00 PM EDT

Northcoast Research downgraded United Natural Foods (NASDAQ: UNFI) from Buy to Neutral with a price target of $60.00.

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 $41.18 yesterday.

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Pre-Open Movers 07/26: (SVU) (ARNC) (XLNX) Higher; (NLSN) (FB) (MHK) Lower (more...)

July 26, 2018 9:14 AM EDT

Today's Pre-Open Movers

SUPERVALU INC. (NYSE: SVU) 64.4% HIGHER; United Natural Foods, Inc. (NASDAQ: UNFI) and SUPERVALU INC. (NYSE:... More

Facebook sends Nasdaq tumbling, but trade optimism boosts Dow

July 26, 2018 8:01 AM EDT

By April Joyner

NEW YORK (Reuters) - A plunge in Facebook Inc's (NASDAQ: FB) shares pushed the Nasdaq down more than 1 percent on Thursday, the index's biggest one-day drop in a month, but industrial stocks rose after the United States and the European Union said they would negotiate on trade.

Facebook shares dived 19.0 percent, their biggest ever one-day percentage drop, after the social media giant forecast years of lower profit margins. The decline in Facebook shares weighed on the S&P 500 technology index , which dropped 1.6 percent.

Shares of... More

United Natural Foods (UNFI) to Acquire SUPERVALU (SVU) in $2.9B Deal

July 26, 2018 7:35 AM EDT

United Natural Foods, Inc. (NASDAQ: UNFI) and SUPERVALU INC. (NYSE: SVU) today announced that they have entered into a definitive agreement under which UNFI will acquire SUPERVALU for $32.50 per share in cash, or approximately $2.9 billion, including the assumption of outstanding debt and liabilities.

"This transaction accelerates UNFI's "Build out the Store" growth strategy by immediately enhancing our product range, equipping us to bring an attractive, comprehensive product portfolio to an expanded universe of customers," said Steve Spinner, UNFI's Chief Executive Officer and Chairman. "Combining our leading position in... More