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Vetr Upgrades Whole Foods Following Price Dip

Chris Dier-Scalise

The Vetr crowd on Thursday upgraded their rating for Whole Foods Market, Inc. (NASDAQ: WFM) from 3 stars (Hold), issued 22 days ago, to 5 stars (Strong Buy). At the time of the upgrade, crowd sentiment for Whole Foods was generally positive, with 75 percent of Vetr user ratings bullish.

Whole Foods spent most of February riding the bump it received on its Q1 earnings report early that month, meeting EPS estimates and landing less than 2 percent from analyst revenue estimates. During that span, the stock hit a 30-day high of $31.50.

However, the wave ended March 3 as the stock returned below $30. It has trended down since then and ended today's session at $29.28.

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Currently, the Vetr crowd's average target price for the stock is up at $35.01, which is well above the average analyst target price of $29.42. Less than 2% of Vetr users are holding WFM in their watch lists.

Latest Ratings for WFM

Date Firm Action From To
Jan 2017 William Blair Initiates Coverage On Market Perform
Nov 2016 Bank of America Downgrades Neutral Underperform
Sep 2016 Barclays Initiates Coverage on Equal-Weight

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