Whole Foods Downgraded By Vetr After Amazon Buyout

Whole Foods Markets, Inc. (NASDAQ: WFM) shares are up 20 percent since Friday, headlined by Amazon.com, Inc. (NASDAQ: AMZN)'s acquisition of the grocer for $42 a share. That said, the Vetr community has downgraded Whole Foods from 3.5 to 1.5 stars.

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Vetr members have given Whole Foods a Strong Sell rating and a $37.81 price target. This price target is higher than the $29.68 price target from Wall Street analysts. The stock closed Monday at $43.22.

Of all Vetr raters, 85 percent believe traders and investors should sell Whole Foods stock.

For Vetr’s full analysis of Whole Foods, go here.

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