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Whole Foods Downgraded By Vetr After Amazon Buyout

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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.

Latest Ratings for WFM

DateFirmActionFromTo
Jun 2017BMO CapitalUpgradesUnderperformMarket Perform
Jun 2017BarclaysUpgradesEqual-WeightOverweight
May 2017Loop CapitalInitiates Coverage OnHold

View More Analyst Ratings for WFM
View the Latest Analyst Ratings

Posted-In: VetrDowngrades Crowdsourcing Analyst Ratings General

 

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