Goldman Sachs lowered the firm’s price target on United Natural Foods (UNFI) to $26 from $30 and keeps a Neutral rating on the shares. The firm is reducing its estimates and assigning a lower target multiple to the stock given the uncertainty around the potential operational impact from the recent cyber attack, even though the company’s Q3 results were better-than-expected with continued margin improvement and an acceleration in volume growth, the analyst tells investors in a research note.
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Read More on UNFI:
- United Natural Foods price target lowered to $25 from $26 at Roth Capital
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