UPDATE: Jefferies Maintains Buy on Whole Foods Market; Raises PT from $100 to $105
Jefferies maintained a Buy rating on Whole Foods Market (NASDAQ: WFM) and raised its price target from $100 to $105.
Jefferies commented, “Whole Foods reported strong results, driven by good sales and even better margins. These dynamics, barring a sharp negative turn in the macro backdrop, are likely to continue for the foreseeable future. At the same time, secular trends appear to be accelerating, suggesting any macro improvement would drive even better sales and bottom line performance. Whole Foods, in our opinion, remains a must-own growth company.”
Whole Foods Market closed at $84.53 on Wednesday.
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