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.
Whole 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.