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UPDATE: UBS Downgrades Whole Foods Market

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In a report released Thursday, UBS analyst Jason DeRise downgraded Whole Foods Market (NASDAQ: WFM) from Buy to Neutral, while decreasing its price target from $48 to $41.

Analysts at UBS believe Whole Foods competition in the natural foods category has influenced its shares growth to stall. DeRise projects the organic retailer comps to be 3.3 percent in Q4 and 4.6 percent in full year 2015, from its current around nine percent.

Whole Foods price target of $41 is due to the announced reduction in comparable store sales estimate, influencing its EBITDA reduction by nearly nine percent.

Latest Ratings for WFM

DateFirmActionFromTo
Aug 2017BarclaysDowngradesOverweightEqual-Weight
Aug 2017Tigress FinancialDowngradesBuyNeutral
Jul 2017Wells FargoDowngradesOutperformMarket Perform

View More Analyst Ratings for WFM
View the Latest Analyst Ratings

Posted-In: Jason DeRise UBSDowngrades Price Target Analyst Ratings

 

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