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UPDATE: Citigroup Reiterates Buy Rating, Raises PT on United Natural Foods

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In a report published Wednesday, Citigroup reiterated its Buy rating on United Natural Foods (NASDAQ: UNFI), and slightly raised its price target from $63.00 to $64.00.

Citigroup noted, “We rate United Natural Foods Buy. United Natural Foods, the largest natural food distributor, not only benefits from operating within the rapidly growing natural food industry, but also has been gaining market share, in our view. We therefore expect UNFI to experience internally generated revenue growth in mid to high single digit range in the next few years. In addition, we believe UNFI has a decent margin improvement opportunity due to greater operating leverage on robust top-line growth.”

United Natural Foods closed on Tuesday at $55.24.

Latest Ratings for UNFI

DateFirmActionFromTo
May 2017Loop CapitalInitiates Coverage OnBuy
Jan 2017Goldman SachsInitiates Coverage OnNeutral
Sep 2016JefferiesMaintainsHold

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Posted-In: CitigroupAnalyst Color Price Target Analyst Ratings

 

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