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Fly News Breaks for February 16, 2016
FWM, WFM
Feb 16, 2016 | 07:10 EDT
After Fairway (FWM) reported that it may not be able to continue as a going concern, Oppenheimer says that Whole Foods' (WFM) real estate valuation is poised to benefit from Fairway's struggles. Over the longer term, Whole Foods would "capture more than its share of revenue" if Fairway closes stores, added Oppenheimer. The firm keeps a $38 price target and Outperform rating on Whole Foods.
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