CL King Downgrades United Natural Foods (UNFI) to Neutral

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Go back to CL King Downgrades United Natural Foods (UNFI) to Neutral

United Natural Foods (UNFI) downgraded to Neutral at UBS

March 13, 2023 12:11 PM EDT

UBS downgraded United Natural Foods, Inc. (NYSE: UNFI) to a Neutral rating (From Buy) and cut the price target on the stock to $32.00 (From $48.00) following the food companys 2Q23 report.

Analyst Mark Carden wrote in a note, UNFI is likely to face profitability headwinds in 2H'23 as it cycles past... More