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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UNFI:
- United Natural Foods price target lowered to $24 from $33 at Deutsche Bank
- United Natural Foods downgraded to Neutral from Buy at Northcoast
- United Natural Foods Faces Mixed Earnings Amid Challenges
- United Natural Foods price target lowered to $26 from $30 at Goldman Sachs
- United Natural Foods price target lowered to $25 from $26 at Roth Capital