BMO Capital lowered the firm’s price target on United Natural Foods (UNFI) to $25 from $32 and keeps a Market Perform rating on the shares. The company reported a solid Q3 on stronger underlying sales trends, but performance was overshadowed by an IT system breach and a network shut down, and the management did not raise guidance as details around duration/costs remain limited, the analyst tells investors in a research note.
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Read More on UNFI:
- United Natural Foods price target lowered to $24 from $33 at Deutsche Bank
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