Information Provided By:
Fly News Breaks for June 6, 2019
UNFI
Jun 6, 2019 | 08:52 EDT
Loop Capital analyst Andrew Wolf lowered his price target on United Natural Foods to $21 after its Q3 results and updated guidance forecasting FY19 adjusted EBITDA to come in toward the low end of its prior outlook. The analyst also notes that while Q3 EBITDA was light of estimates, it still marked an "inflection point" in profitability with a sequentially improved print. Wolf further points to United Natural Foods' expanded gross margins thanks to its "lower shrink at Supervalu and improved vendor support across the enterprise", keeping his Buy rating on the stock.
News For UNFI From the Last 2 Days
There are no results for your query UNFI