Whole Foods downgraded to Neutral at UBS As reported previously, UBS downgraded Whole Foods Market to Neutral from Buy following its Q3 report. The firm believes a quick sales trend recovery is unlikely and lowered its price target on the stock to $41 from $48.
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