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Fly News Breaks for September 14, 2017
UNFI
Sep 14, 2017 | 08:03 EDT
BofA/Merrill analyst Marisa Sullivan continues to see risk to United Natural Foods earnings outlook from the difficult retail environment, continued wholesale competition, margin pressures, and the risk of direct distribution. He does not believe incremental growth in Fresh will be enough to offset pressure in the core business and reiterates his Underperform rating. Sullivan rolled forward his estimates and raised United Natural Foods price target to $36 from $35.
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