BMO Capital Maintains Market Perform on United Natural Foods, Lowers Price Target to $20
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Kelly Bania maintains a Market Perform rating on United Natural Foods (NYSE:UNFI) and lowers the price target from $28 to $20.
June 09, 2023 | 1:54 pm
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NEGATIVE IMPACT
United Natural Foods' price target has been lowered from $28 to $20 by BMO Capital, while maintaining a Market Perform rating.
The lowered price target from $28 to $20 by BMO Capital indicates a bearish outlook for United Natural Foods. This may lead to a negative short-term impact on the stock price as investors adjust their expectations. The Market Perform rating suggests that the stock is expected to perform in line with the market, but the lowered price target may cause some investors to reconsider their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100