United Natural Foods price target lowered to $25 from $26 at Roth Capital

Roth Capital lowered the firm’s price target on United Natural Foods (UNFI) to $25 from $26 and keeps a Neutral rating on the shares. The firm notes the company posted another quarter well ahead of its FY25 guide, but last week’s cybersecurity event prevented United Natural Foods from updating guidance. The recent pullback could be an opportunity if the incident is quickly resolved, but Roth finds the outcome difficult to handicap. The firm observes out-of-stocks at customers, but believes the disruption is getting less severe each day. Underlying progress continues, but it is difficult to determine the impact of the unauthorized activity, Roth argues.