BMO Capital raised the firm’s price target on United Natural Foods (UNFI) to $48 from $36 and keeps an Outperform rating on the shares after its Q4 earnings beat and above-consensus FY26 guidance. Despite a meaningful move higher for shares after the results, the firm continues to see upside for the stock and notes that its new price target still contemplates conservative valuation of 6.5-times enterprise value to expected EBITDA but on higher EBITDA estimates, the analyst tells investors in a research note. BMO further cites United Natural’s strong momentum and updated algorithm that now targets low double digit EBITDA growth and low single digit sales growth – both well ahead of expectations.
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