UPDATE: Williams Capital Group Downgrades Whole Foods Market to Perform/Hold; Surpasses PT of $88
Williams Capital Group lowered its rating on Whole Foods Market (NASDAQ: WFM) from Outperform/Buy to Perform/Hold while maintaining its price target of $88 on shares.
Williams Capital Group said, "Whole Foods Market has once again surpassed our price target. We believe that investors should take profits at this time. We believe that the upcoming earnings season could be challenging due to slowing consumer spending. We continue to believe that Whole Foods Market is a best-of-breed company. We simply suggest patience in waiting for a more attractive entry point in a better consumer environment."
Whole Foods Market closed at $93,82 on Tuesday.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.