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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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March 27, 2015
07:57 EDTUNFIUnited Natural Foods entering period of improved sales, says Jefferies
Jefferies believes United Natural Foods is entering a 3-to-5 year period of improved sales and free cash flow following a phase of heavy investment and the addition of perimeter-of-store sales capability. The firm expects United's free cash flow to turn positive in FY16 and keeps a Buy rating on the stock with a $90 price target.
March 24, 2015
11:11 EDTWFM, SFMWhiteWave hits 52-week high following upbeat analyst notes
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March 23, 2015
09:37 EDTWFMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AUY SLB PFE MCP CELG VRTX SHPG GILD LOGI TSLA TASR NFLX SCTY WFM
March 20, 2015
10:00 EDTSFMOn The Fly: Analyst Initiation Summary
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07:58 EDTSFMSprouts Farmers Markets initiated with a Neutral at Sterne Agee
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March 19, 2015
07:35 EDTWFMKroger price target raised to $90 from $80 at Deutsche Bank
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07:17 EDTSFMStephens to hold a conference
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March 18, 2015
12:43 EDTUNFIUnited Natural Foods management to meet with Piper Jaffray
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09:57 EDTWFMWhole Foods Markets calls active on renewed takeover chatter
Whole Foods Markets March 53, 54 and April 55 calls are active on 8K contracts (1K puts) on renewed takeover chatter. March call option implied volatility is at 38, April is at 25, May is at 30; compared to its 26-week average of 27 according to Track Data. Active call volume suggests traders taking positions for larger near term price movement.
09:43 EDTWFMRumor: Whole Foods active on renewed takeover chatter
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