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Fly News Breaks for June 9, 2015
UNFI
Jun 9, 2015 | 07:27 EDT
Canaccord noted United Natural Foods Q3 results missed estimates for both earnings and revenues, but the firm believes the company is well positioned as the largest distributor of natural and organic foods. The firm feels there is a broadening opportunity from its Tony's Fine Foods acquisition, as evidenced by the winning of $100M in business shipping. Canaccord maintained its Buy rating but lowered its price target to $71 from $85 on United Natural Foods shares.
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