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Fly News Breaks for June 7, 2018
UNFI
Jun 7, 2018 | 07:39 EDT
Stephens analyst Ben Bienvenu said United Natural Foods continued to see "very strong" revenue growth across all of its customer channels in Q3, but margins remain under pressure and free cash flow contracted meaningfully as working capital demands intensify. He thinks these trends may persist as the company ramps expenditures and devotes added capacity to service fast growing customers, Bienvenu tells investors. He keeps an Equal Weight rating on United Natural Foods and lowered his price target on the stock to $43 from $51.
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