UBS Raises Price Target for Whole Foods;Sees Strong Q4 (WFM)

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UBS has raised their price target for supermarket operator, Whole Foods Market, Inc.( WFM ) on Thursday.

The firm, which currently has a "Buy" rating on WFM, has raised their price target for the company to $111. This price target suggests a 15% increase over the stock's current price of $93.76.

The price target increase was partially related to the company's expectations for a strong forth quarter.

Whole Foods Market shares were up 82 cents, or 0.88% on Thursday morning. The stock is up 35.1% YTD.

The Bottom Line
Shares of Whole Foods Market ( WFM ) have a .60% dividend yield, based on last night's closing stock price of $93.01. The stock has technical support in the $85-$90 price area. The stock is trading near the all-time high price range of $100-$101 price levels.

Whole Foods Market, Inc.( WFM ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks

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