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UPDATE: Deutsche Bank Upgrades Whole Foods Market to Overweight on EPS and Margin Growth

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Deutsche Bank increased its rating on Whole Foods Market (NASDAQ: WFM) from Equal-weight to Overweight and announced a price target of $110 on shares.

Deutsche Bank said, "We see WFM shares continuing to grow on ~19% annual EPS growth to 2015. We expect 8%+ comp momentum, margin expansion and upside from returning rising cash balances to shareholders. Our new store density analysis shows a 15-year runway of 8-9% store growth ahead, which helps support valuation."

Whole Foods Market closed at $92.91 on Thursday.

Latest Ratings for WFM

DateFirmActionFromTo
Nov 2016Bank of AmericaDowngradesNeutralUnderperform
Sep 2016BarclaysInitiates Coverage onEqual-Weight
Sep 2016CitigroupMaintainsNeutral

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Posted-In: Deutsche BankAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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