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Fly News Breaks for May 7, 2015
WFM
May 7, 2015 | 08:56 EDT
Canaccord lowered its price target on Whole Foods Market to $51 from $60 after its earnings report, but maintained a Buy rating on the stock, as they believe the company is well positioned in the natural foods retailing segment. The firm said gross margins compression was less than expected but that its new store development may lead to the next leg of growth.
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