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Fly News Breaks for May 7, 2015
WFM
May 7, 2015 | 07:28 EDT
BofA/Merrill downgraded Whole Foods to Neutral and lowered its price target to $48 from $65 due to the uncertain same-store-sales outlook and new store concept impact for the core business. The firm's analyst said the new store concept will offer lower priced assortments and appeal to Millennias but increases uncertainty surrounding core business growth and could be a distraction for management.
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