Market Overview

UPDATE: Tigress Financial Partners Initiates Coverage On United Natural Foods, Inc.

Related UNFI
36 Biggest Movers From Yesterday
33 Stocks Moving In Thursday's Mid-Day Session
Appleseed Fund Q4 2017 Quarterly Letter (Seeking Alpha)

Tigress Financial Partners initiated a Buy rating on United Natural Foods, Inc. (NASDAQ: UNFI) in a report on Thursday.

Analyst Philip Van Deusen suggested an ongoing and accelerating demand for organic products.

Van Deusen noted that "UNFI is benefiting from growth in the organic food industry and is directly linked to Whole Foods Market, Inc. expansion as it serves as their primary distributor."

The analyst also indicated the potential for United Natural Foods to become an acquisition candidate.

The report noted how United Natural Foods both benefits but is rather dependent on Whole Foods Market, with it representing 36 percent of UNFI’s revenue. "UNFI has been the primary distributor to WFM for more than 15 years. Their contract was recently amended to extend the term of the agreement to September 2020."

United Natural Foods, Inc. recently traded at $60.98, up 1.2 percent.

Latest Ratings for UNFI

Jan 2018BarclaysUpgradesUnderweightEqual-Weight
Nov 2017Goldman SachsAssumesNeutralNeutral
Oct 2017RBC CapitalDowngradesSector PerformUnderperform

View More Analyst Ratings for UNFI
View the Latest Analyst Ratings

Posted-In: Philip Van Deusen Tigress Financial Partners Whole Foods MarketAnalyst Color Initiation Analyst Ratings


Related Articles (UNFI)

View Comments and Join the Discussion!