Amid Selling Rumors, Vetr Crowd Downgrades Whole Foods

Following last week’s spike on rumors the company would sell, the Vetr crowd has downgraded its rating of Whole Foods Market, Inc. WFM shares from 4.5-stars (Strong Buy) to 3.5-stars (Buy) out of a possible 5 stars.

The stock had some downward pressure last week, but spiked on Friday on reports that the company was either considering, or being pushed, toward a sale.

The crowd’s price target does have Whole Foods cresting $30.72, higher than the analyst consensus price target of $29.84.

Bank of America recently downgraded Whole Foods from Neutral to Underperform; Goldman Sachs also downgraded the stock from Buy to Sell in July.

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It should be noted that, in accordance with the current score and price target, 85 percent of the crowd’s ratings are bullish right now.

Whole Foods stock is up more than 6.5 percent from Friday’s low to $29.