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Fly News Breaks for July 21, 2015
UNFI
Jul 21, 2015 | 08:19 EDT
Canaccord lowered its price target on United Natural Foods citing its loss of business from Albertsons. The firm believes the removal of the business actually increases the EBIT margin percentage. Canaccord expects weakness at the open but sees anything more than a 10% drop in the stock as an overreaction to the news. Canaccord reiterated its Buy rating on United Natural Foods shares.
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