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Fly News Breaks for October 24, 2018
UNFI
Oct 24, 2018 | 07:41 EDT
As previously reported, Buckingham downgraded United Natural Foods (UNFI) and cut its price target to $26 from $41. Analyst Eric Larson said weaker than projected results at Supervalu (SVU) and lower financial contribution and related dilution have increased execution risk. Larson is now modeling Year 1 accretion below that of pro-forma guidance and said reduced visibility into EBITDA and free-cash-flow generation are an overhang.
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