UPDATE: Jefferies Raises Whole Foods Market's PT

According to a research report published this morning, Jefferies has increased Whole Foods Market's (NASDAQ: WFM) PT from $90 to $100.In the report, Jefferies said, "A better than expected 2Q12 provides further evidence that Whole Foods is operating at a very high level as robust sales met impressive cost controls and margin performance. With near-term sales running at a slightly lower level, and given the equity's significant rise, the near-term outlook for the stock may be more muted. Yet, with ROIC improving, and growth strong, we view WFM as a core holding."Jefferies maintains its Buy rating on Whole Foods Market, which closed yesterday at $84.31.