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Fly News Breaks for July 11, 2018
NGVC
Jul 11, 2018 | 06:37 EDT
RBC Capital analyst William Kirk raised his price target on Natural Grocers to $16 and kept his Outperform rating, citing the company's leading position in the industry and improved profitability. Kirk notes that Natural Grocers is "one of the strongest growers in broader retail" with comps up 7.1%, yet its valued at a discount relative to its peer group. The analyst believes that the traffic momentum is persisting into the summer, and the comps profile of mid-single-digit growth is sustainable.
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