Market Overview

UPDATE: UBS Downgrades Whole Foods Market

Share:
Related WFM
Barron's Picks And Pans: CBS, Capital One, Spirit Airlines And More
Barclays Shrugs At Food & Staples Sector, Interest Piqued By Just 3 Names
Grocery store chains reeling as price deflation continues (Seeking Alpha)

In a report released Thursday, UBS analyst Jason DeRise downgraded Whole Foods Market (NASDAQ: WFM) from Buy to Neutral, while decreasing its price target from $48 to $41.

Analysts at UBS believe Whole Foods competition in the natural foods category has influenced its shares growth to stall. DeRise projects the organic retailer comps to be 3.3 percent in Q4 and 4.6 percent in full year 2015, from its current around nine percent.

Whole Foods price target of $41 is due to the announced reduction in comparable store sales estimate, influencing its EBITDA reduction by nearly nine percent.

Latest Ratings for WFM

DateFirmActionFromTo
Sep 2016BarclaysInitiates Coverage onEqual-weight
Sep 2016CitigroupMaintainsNeutral
Jul 2016Deutsche BankMaintainsHold

View More Analyst Ratings for WFM
View the Latest Analyst Ratings

Posted-In: Jason DeRise UBSDowngrades Price Target Analyst Ratings

 

Related Articles (WFM)

View Comments and Join the Discussion!