Market Overview

UPDATE: Piper Jaffray Reiterates Overweight Rating, Raises PT on Whole Foods Market

Related WFM
Mike Khouw Sees Unusual Options Activity In Whole Foods Market, Inc.
3 Grocers Working To Make Organic Food Affordable
Instacart Partners with Whole Foods (Fox Business)

In a report published Friday, Piper Jaffray & Co. reiterated its Overweight rating on Whole Foods Market (NASDAQ: WFM), and slightly raised its price target from $109.00 to $110.00.

Piper Jaffray noted, “We are updating our WFM model to more accurately reflect the 52 week FY13 calendar. As a result, we now expect FY13 EPS of $2.90 and are increasing our price target to $110 from $109 to reflect our higher EBITDA estimate (16x FY13 EV/EBITDA is unchanged). Of note, management expects 16%-17% earnings growth in FY13 which is still slightly greater than our revised estimate.”

Whole Foods Market closed on Thursday at $97.04.

Latest Ratings for WFM

DateFirmActionFromTo
Aug 2014WedbushInitiates Coverage onNeutral
Aug 2014CitigroupMaintainsNeutral
Jul 2014JP MorganDowngradesOverweightNeutral

View More Analyst Ratings for WFM
View the Latest Analyst Ratings

Posted-In: Piper Jaffray & Co.Analyst Color Price Target Analyst Ratings

 

Related Articles (WFM)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters