Market Overview

UPDATE: Deutsche Bank Reiterates Buy Rating, Lowers PT on Whole Foods Market on Long-Term Growth Potential

Share:
Related WFM
Earnings Scheduled For May 4, 2016
Tesla Earnings, Crude Oil Inventories: What To Watch For On Wednesday
Investing Action Plan For Wednesday: Tesla, Fitbit, Priceline, Shale (Investor's Business Daily)

In a report published Friday, Deutsche Bank reiterated its Buy rating on Whole Foods Market (NASDAQ: WFM), but lowered its price target from $105.00 to $100.00.

Deutsche Bank noted, “While EPS came in above the Street, investors were disappointed that ID's came in light and moderated 2Q-to-date and FY13 EPS guidance was only maintained. Taking a step back from the weather-related noise, we continue to view WFM's fundamentals favorably as the company remains well positioned to capitalize on growing demand for natural & organic groceries. WFM continues to improve its relative value position, which should keep traffic robust and op. margin expansion ongoing. Store growth plans remain on-track, with new stores generating solid ROIC, giving us confidence that sq. ft growth will accelerate, driving years of DD EPS growth.”

Whole Foods Market closed on Thursday at $87.49.

Latest Ratings for WFM

DateFirmActionFromTo
Apr 2016BarclaysTerminatesEqual-weightEqu
Mar 2016Credit SuisseMaintainsNeutral
Feb 2016Wells FargoInitiates Coverage onMarket Perform

View More Analyst Ratings for WFM
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (WFM)

View Comments and Join the Discussion!