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

Related UNFI
UPDATE: Tigress Financial Partners Initiates Coverage On United Natural Foods, Inc.
Top 4 NASDAQ Stocks In The Food Wholesale Industry With The Lowest PEG Ratio

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
Oct 2014Tigress FinancialInitiates Coverage onBuy
Sep 2014BarclaysMaintainsEqual-weight
Aug 2014Stephens & Co.Initiates Coverage onOverweight

View More Analyst Ratings for UNFI
View the Latest Analyst Ratings

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

 

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