Organic & Health Food Stocks Mixed Despite Buy Rating
Several stocks in the organic/health food group saw some mixed action Thursday afternoon despite some bullish new coverage from Tigress Financial.
The firm initiated Buy ratings for the following three food industry companies in a report Thursday.
Over the long run the Tigress report suggested that “PF’s leveraging [of] cash flow from its Foundation Brands to invest in the innovation of its Leadership Brands will drive increasing shareholder value.”
“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,” according to the Tigress report.
The report highlighted that revenues “continue to grow organically and through acquisitions; sales increased 36% in WWAV’s latest financial results, 11% of that organically.” Analyst Philip Van Deusen felt that sales will grow by 19 percent over the next 12 months.
Shares of United Natural Foods are the sole stock trading in positive territory at last check, up about 1.11 percent to $60.80. Shares of Pinnacle Foods are trading down 1.17 percent to $32.11 and WhiteWave shares are down 0.28 percent to $35.40.
Latest Ratings for PF
|Feb 2017||Deutsche Bank||Initiates Coverage On||Buy|
|Jan 2017||William Blair||Initiates Coverage On||Outperform|
|Jan 2017||PiperJaffray||Initiates Coverage On||Overweight|
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