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Fly News Breaks for June 24, 2015
COST, KR, UNFI
Jun 24, 2015 | 09:21 EDT
Wedbush expects United Natural's (UNFI) revenue to be significantly boosted by revenue increases, starting in fiscal 2016, at Tony's Fine Foods which it acquired. The firm thinks that United Natural's core sales trends have rebounded in the last couple of months, and it contends that the company should be able to grow despite new competitive product introductions by major retailers Kroger (KR) and Costco (COST). The firm keeps a $77 price target and Outperform rating on United Natural.
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