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Fly News Breaks for June 16, 2016
WFM
Jun 16, 2016 | 08:46 EDT
After visiting Whole Foods' 365 stores and its stores in downtown Los Angeles, Wedbush is more confident that the company is "continuing to move towards price relevancy." The firm says that the company's trends could accelerate ,driven partly by its 365 stores, and the nationwide launch of its loyalty initiative. The firm, however, says it continues to adopt a "wait and see" approach, given what it sees as a number of headwinds that the company still faces. Wedbush keeps a Neutral rating on the stock.
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