Market Overview

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

Share:
Related UNFI
Benzinga's Top Upgrades
United Natural Foods Shares Dive Lower As Tigress Downgrades To Neutral
The Bloodbath In United Natural Foods Won't Reverse Anytime Soon (Seeking Alpha)

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
Feb 2016RBC CapitalUpgradesUnderperformSector Perform
Jan 2016Standpoint ResearchInitiates Coverage onBuy
Dec 2015Tigress FinancialDowngradesBuyNeutral

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)

Get Benzinga's Newsletters