UPDATE: Deutsche Bank Upgrades Whole Foods Market to Overweight on EPS and Margin Growth
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
|Jan 2015||Cowen & Company||Initiates Coverage on||Market Perform|
|Jan 2015||Argus Research||Downgrades||Buy||Hold|
|Nov 2014||Longbow Research||Assumes||Underperform|
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