Market Overview

UPDATE: Goldman Sachs Upgrades Whole Foods Market to Buy on Positive Trends

Share:
Related WFM
The Motley Fool's Top Stock Picks From Last Quarter
Top 4 NASDAQ Stocks In The Grocery Stores Industry With The Highest EPS
Whole Foods Post-Earnings: Bent, But Not Broken (Seeking Alpha)

Goldman Sachs raised its rating on Whole Foods Market (NASDAQ: WFM) from Neutral to Buy and raised its price target from $105 to $106.

Goldman Sachs noted, "[W]e believe that WFM is ideally positioned to benefit from the secular trends in healthy eating. Our upgrade is based on: (1) greater confidence in sustained +HSD comp growth and square footage growth within the rapidly growing natural and organic industry, (2) opportunity for EBIT margin expansion from improved sales productivity and fixed cost leverage, and (3) an attractive entry point at 30X NTM EPS, which has been a valuation floor."

Whole Foods Market closed at $91.41 on Monday.

Latest Ratings for WFM

DateFirmActionFromTo
May 2015RBC CapitalUpgradesSector PerformOutperform
May 2015Bank of AmericaDowngradesBuyNeutral
May 2015BarclaysMaintainsEqual-weight

View More Analyst Ratings for WFM
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (WFM)

Around the Web, We're Loving...

Get Benzinga's Newsletters