United Natural Foods price target raised to $70 from $57 at BMO Capital BMO Capital increased its target on United Natural Foods (UNFI) as the firm expects the company's ROIC to improve in coming years to very similar levels to those of Whole Foods (WFM). The firm maintains an Outperform rating on United Natural.
New York probing Whole Foods over alleged overcharging, Daily News reports New York City has launched a probe of Whole Foods Markets after an investigation conducted by the Department of Consumer Affairs found items for sale at its locations were labeled inaccurately, with many overcharging consumers, according to The Daily News. A Whole Foods spokesman said the company disagrees with the city's findings and is "vigorously defending" itself against the allegations, the report noted. Reference Link