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Fly News Breaks for March 14, 2018
UNFI
Mar 14, 2018 | 08:32 EDT
Argus analyst John Eade is keeping his Buy rating and a $56 price target on United Natural Foods, stating that the recent 10% slide in the stock price offers a buying opportunity for investors. Eade notes the company's position as the top distributor in the natural/organic/specialty food industry, with growth coming from accretive acquisitions that are expected to continue this year. The analyst adds that the stock trades at a discount to its peer group on forward PE, price-to-sales, and price-to-book valuation metrics.
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