Market Overview

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

Related WFM
Market Wrap For April 14: Markets Surge on Positive Retail Data, Citi Earnings
Whole Foods' CEO Shrugs At Wal-Mart's Wild Oats Deal
Report: Chobani Taking Bids for Minority Stake (Fox Business)

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.

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

 

Most Popular

Related Articles (WFM)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free