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Fly News Breaks for May 7, 2015
WFM
May 7, 2015 | 07:47 EDT
After Whole Foods reported in-line Q2 earnings but much lower than expected comps, Oppenheimer says that the magnitude of the comp slowdown was much larger than it expected. The firm, however, remains optimistic that an improving macro backdrop and benefits from company initiatives could help to drive better performances as the year progresses. Oppenheimer cut its price target on the name to $50 from $57 but keeps an Outperform rating on the shares.
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