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Fly News Breaks for June 14, 2016
WFM
Jun 14, 2016 | 08:08 EDT
Oppenheimer analyst Rupesh Parikh says he is "impressed" by the overall offering of the 365 by Whole Foods Market store and thinks it has the potential to broaden the market share opportunity for Whole Foods. While the analyst views the 365 concept as one element for a successful turn at Whole Foods, he believes the company's efforts on the digital front/affinity programs, value initiatives, and success in rationalizing the infrastructure will be more important. The analyst reiterates an Outperform rating and $38 price target on the shares.
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