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Stock Market & Financial Investment News

News Breaks
June 5, 2014
11:39 EDTWFM, SFM, 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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October 24, 2014
11:19 EDTSFMSprouts Farmers Markets initiated with a Buy at Northcoast
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October 20, 2014
09:36 EDTWFMActive equity options trading on open
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09:31 EDTWFMRobinhood.org to hold conference
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08:00 EDTWFMApple Pay now available to Whole Foods Market customers
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October 17, 2014
11:47 EDTUNFIUnited Natural Foods to host analyst day
Analyst Day to be held in Montgomery, New York on October 21 at 9:30 am. Webcast Link
October 15, 2014
06:40 EDTUNFIUnited Natural Foods upgraded to Overweight at Piper Jaffray
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05:48 EDTUNFIUnited Natural Foods upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray upgraded United Natural Foods to Overweight with a $74 price target.
05:43 EDTWFMWhole Foods announces responsibly grown produce rating system
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October 13, 2014
06:42 EDTSFMSprouts Farmers Markets upgraded to Buy from Neutral at SunTrust
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