Wells Fargo Maintains Underweight on United Natural Foods, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Edward Kelly has maintained an Underweight rating on United Natural Foods (UNFI) and reduced the price target from $15 to $12.

March 07, 2024 | 11:20 am
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Wells Fargo analyst Edward Kelly has maintained an Underweight rating on United Natural Foods and lowered the price target from $15 to $12.
The reduction in price target by a significant financial institution like Wells Fargo, especially with a maintained Underweight rating, suggests a bearish outlook on UNFI's stock. This could lead to negative sentiment among investors, potentially causing a short-term decrease in the stock price.
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