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Fly News Breaks for May 7, 2015
WFM
May 7, 2015 | 07:02 EDT
Credit Suisse lowered Neutral rated Whole Foods' price target to $40 from $52 due to weaker Q2 comps and the surprising strategy shift to launch a value-oriented format. The analyst said the new format suggests a lot about the industry landscape and the opportunity for the core concept, but more importantly, raises questions on how management will balance two concepts with different price points.
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