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Fly News Breaks for March 7, 2018
UNFI
Mar 7, 2018 | 09:38 EDT
Pivotal Research analyst Robert Altman lowered his price target on United Natural Foods (UNFI) to $34 from $38 ahead of the company's upcoming Q2 earnings report, contending that management has "telegraphed" that recent cost pressures are expected to continue. Although Amazon (AMZN) is generating a surge in online demand, this has been disruptive and is coming at a cost to United Natural's margins, said Altman, who keeps a Sell rating on the shares.
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