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Stock Market & Financial Investment News

News Breaks
February 21, 2014
10:27 EDTWFM, SFM, TFMWhole Foods started with Outperform rating at Oppenheimer
Research firm Oppenheimer initiated coverage of Whole Foods (WFM) with an Outperform rating in a note to investors last night, saying that the company is best positioned to gain market share in the natural/organics category. WHAT'S NEW: Whole Foods seems to be coping with recent challenges it has faced well, as its comparative sales increased 5.4% last quarter versus the same period a year earlier, Oppenheimer analyst Rupesh Parikh stated. Additionally, investors may be underestimating the long-term benefits of the company's downward price adjustments, Parikh stated. The company's stock has dropped about 20% since last October, creating an opportunity for investors, the analyst contended. He expects the stock to "grind higher," and set a $63 price target on the shares. WHAT'S NOTABLE: Other supermarkets that specialize in selling organic products include The Fresh Market (TFM) and Spouts Farmers (SFM), both of which Parikh initiated last night with Perform ratings. PRICE ACTION: In mid-morning trading, Whole Foods climbed 1% to $52.90.
News For WFM;TFM;SFM From The Last 14 Days
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July 1, 2015
19:48 EDTWFMWhole Foods co-CEOs comment on pricing issues, will implement audit system
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June 24, 2015
15:53 EDTWFMSunTrust identifies the most likely M&A activity in specialty retail
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13:39 EDTWFMDCA reports 'systemic overcharging' for pre-packaged foods at Whole Foods
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10:31 EDTWFMNew 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

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