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Stock Market & Financial Investment News

News Breaks
June 5, 2014
11:39 EDTSFM, WFM, UNFIWhole Foods advances after analyst initiates with $48 target
Shares of Whole Foods (WFM) are climbing after research firm Imperial Capital initiated coverage of the shares with an Outperform rating, saying that the recent decline in the stock has created an attractive entry point. WHAT'S NEW: Whole Foods is continuing to gain market share, and its profits can grow at a compound annual growth rate of 12% over the next three years, Imperial analyst Mitchell Pinheiro wrote in a note to investors last night. Following the stock's decline, the shares overestimate the risk facing the company, leaving it with "a reasonable chance" to beat expectations, the analyst contended. He set a $48 price target on the shares. WHAT'S NOTABLE: Citigroup yesterday took a different view on Whole Foods' outlook, cutting its price target on the name to $41 from $55. The firm cited Whole Foods' weaker than expected same-store sales and the reduction in its earnings guidance as reasons for the change. It kept a Neutral rating on the stock. OTHERS TO WATCH: Other grocery store chains that feature organic food include Sprouts Farmers (SFM) and United Natural Foods (UNFI). PRICE ACTION: In late morning trading, Whole Foods climbed 3% t $39.50.
News For WFM;SFM;UNFI From The Last 14 Days
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April 24, 2015
06:52 EDTUNFI, WFMStarbucks report bodes well for United Natural Foods, says Piper Jaffray
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April 20, 2015
09:32 EDTUNFIUnited Natural Foods downgraded to Neutral from Buy at Cleveland Research
Cleveland Research downgraded United Natural Foods to Neutral on slowing sales growth and limited visibility for a re-acceleration.
April 17, 2015
09:36 EDTWFMActive equity options trading on open
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April 16, 2015
09:36 EDTWFMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX NEE AMT WFM C PM INTC AA MCD

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