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Stock Market & Financial Investment News

News Breaks
June 12, 2014
13:27 EDTWFM, SFM, UNFISprouts Farmers Markets rises after analyst upgrades shares
Shares of organic food supermarket chain Sprouts Farmers Markets (SFM) are climbing after Credit Suisse upgraded the stock, saying that its recent decline has created a buying opportunity. WHAT'S NEW: The recent decline in Sprouts stock seems to have created a more attractive entry point, wrote Credit Suisse in a note to investors earlier today. Although the specialty food supermarket space is poised to become more competitive, Spouts' focus on providing affordable produce makes it "disruptive," Credit Suisse contended. Since it's difficult to change consumers' perception about food prices, other companies will have difficulty competing with Sprouts over the longer term, the firm believes. Additionally, Credit Suisse wrote that Sprouts' earnings outlook is strong, while it can open many more stores and deliver high growth. The firm raised its rating on the shares to Outperform from Neutral and increased its price target on the stock to $34 from $31. PRICE ACTION: In early afternoon trading, Sprouts climbed 4% to $30. Another organic food supermarket chain, Whole Foods (WFM), gained 3.5% to $42.50. Meanwhile, United Natural Foods (UNFI), which operates distribution centers and distributes organic foods, rose 2% to $64
News For SFM;WFM;UNFI From The Last 14 Days
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July 29, 2015
10:00 EDTSFMOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: 3D Systems (DDD) upgraded to Neutral from Underperform at Longbow... AK Steel (AKS) upgraded to Outperform from Neutral at Macquarie... Ally Financial (ALLY) upgraded to Outperform from Neutral at Credit Suisse... Amazon.com (AMZN) upgraded to Buy from Hold at Stifel... Arrow Electronics (ARW) upgraded to Buy from Underperform at CLSA... Beacon Roofing (BECN) upgraded to Buy from Neutral at CL King... Citrix (CTXS) upgraded to Outperform at Baird... Commvault (CVLT) upgraded to Buy from Hold at Jefferies... FireEye (FEYE) upgraded on positive checks, business mdoel changes at Oppenheimer... Hibbett Sports (HIBB) upgraded to Neutral from Underperform at Sterne Agee CRT... Integra LifeSciences (IART) upgraded to Outperform at Raymond James... M/A-COM (MTSI) upgraded to Buy from Hold at Needham... Norsk Hydro (NHYDY) upgraded to Neutral from Underperform at Exane BNP Paribas... NuVasive (NUVA) upgraded to Outperform from Market Perform at Northland... SM Energy (SM) upgraded to Outperform from Market Perform at Raymond James... Scorpio Bulkers (SALT) upgraded to Buy from Hold at Deutsche Bank... Sirius XM (SIRI) upgraded to Buy from Hold at Wunderlich... Sprouts Farmers Markets (SFM) upgraded to Neutral from Underperform at Longbow... Supervalu (SVU) upgraded to Equal Weight from Underweight at Morgan Stanley... Waters (WAT) upgraded to Outperform from Market Perform at Wells Fargo... Wells Fargo (WFC) upgraded to Buy from Neutral at Guggenheim... Williams-Sonoma (WSM) upgraded to Overweight from Neutral at JPMorgan... YRC Worldwide (YRCW) upgraded to Strong Buy at Raymond James.
06:16 EDTSFMSprouts Farmers Markets upgraded to Neutral from Underperform at Longbow
Longbow upgraded Sprouts Farmers Markets to Neutral due to valuation.
July 28, 2015
10:00 EDTUNFIOn The Fly: Analyst Downgrade Summary
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09:07 EDTUNFIUnited Natural Foods downgraded on customer loss at BMO Capital
As noted earlier, BMO Capital downgraded United Natural Foods to Market Perform from Outperform. The firm downgraded the stock after the company announced that its contract with Albertsons would not be renewed. BMO thinks the company continues to be threatened by competition from KeHE and regional suppliers. Target to $52 from $71.
08:21 EDTUNFIUnited Natural Foods valuation discounts new environment, says Canaccord
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06:13 EDTUNFIUnited Natural Foods downgraded to Market Perform at BMO Capital
BMO Capital downgraded United Natural Foods to Market Perform from Outperform.
July 27, 2015
09:37 EDTUNFIUnited Natural Foods mentioned cautiously at Cleveland Research
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06:55 EDTWFMWhole Foods July weekly volatility elevated into Q3 and outlook
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July 24, 2015
08:32 EDTWFMWhole Foods July weekly volatility elevated into Q3 and outlook
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July 22, 2015
10:01 EDTUNFIOn The Fly: Analyst Downgrade Summary
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08:17 EDTUNFIUnited Natural Foods downgraded to Neutral from Outperform at Wedbush
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08:01 EDTUNFIUnited Natural Foods downgraded to Equal Weight at Morgan Stanley
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06:49 EDTUNFIUnited Natural downgraded to Equal Weight from Overweight at Morgan Stanley
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July 21, 2015
10:01 EDTUNFIOn The Fly: Analyst Downgrade Summary
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08:20 EDTUNFIUnited Natural Foods downgraded following contract loss at Oppenheimer
As noted earlier,, Oppenheimer downgraded United Natural Foods to Perform from Outperform. After United Natural Foods lost a roughly $400M contract with Albertson's, the firm thinks the loss of the contract will cause United Natural's organic sales growth to be "sluggish," and predicts that the shares will be range-bound "for now."
08:19 EDTUNFIUnited Natural Foods price target lowered to $65 from $71 at Canaccord
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08:01 EDTUNFIUnited Natural Foods price target lowered to $72 from $76 at Stephens
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07:00 EDTUNFIUnited Natural Foods downgraded to Underperform from Neutral at BofA/Merrill
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06:27 EDTUNFIUnited Natural Foods downgraded to Perform from Outperform at Oppenheimer
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July 20, 2015
16:17 EDTUNFIUnited Natural Foods announces termination of contract with Albertsons
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