Market Overview

UPDATE: Jefferies Raises PT to $59, Maintains Buy on United Natural Foods Following Strong Report and Outlook

Share:
Related UNFI
United Natural Foods Added To 'Best Ideas List' At Wedbush
Benzinga's Top Downgrades

Jefferies reiterates its Buy rating on United Natural Foods (NASDAQ: UNFI) and raises its price target from $53 to $59.

Jefferies notes, "UNFI continues to benefit from strong trends in natural/organic, coupled with market share gains, solid execution and cost control, all of which look to continue. In addition, the likelihood that gross margin sees less pressure from business mix shift next year, continued strength in sales and expense control are all suggestive of an improving margin outlook as well."

UNFI closed at $51.20 on Tuesday.

Latest Ratings for UNFI

DateFirmActionFromTo
Jun 2015Argus ResearchDowngradesBuyHold
Jun 2015JefferiesMaintainsBuy
Jun 2015Canaccord GenuityMaintainsBuy

View More Analyst Ratings for UNFI
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings

 

Related Articles (UNFI)

Around the Web, We're Loving...

Get Benzinga's Newsletters