Wells Fargo analyst Edward Kelly lowered the firm’s price target on United Natural Foods (UNFI) to $35 from $37 and keeps an Equal Weight rating on the shares. The firm sees a mixed overall 2026 outlook for the group, but with opportunity. Wells is bullish broadlines/food service, notes fiscal/tariff trade is underway, and believes momentum is sustainable through the first half of EPS revisions. With that said, the firm sees a tougher food retail outlook; idiosyncratic drivers are key.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UNFI:
- United Natural Foods Holds Annual Meeting on Governance
- United Natural Foods Unveils 2025 Investor Day Strategy
- United Natural Foods provides long-term financial targets ahead of investor day
- Strong Growth Potential and Strategic Optimizations Drive Buy Rating for United Natural Foods
- United Natural Foods price target raised to $37 from $36 at Wells Fargo