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

By
A A A
Share |

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 Dividend.com 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 The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: WFM

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Stocks

Referenced

83%

Most Active by Volume

84,725,997
  • $6.69 ▼ 5.11%
68,180,500
  • $3.38 ▼ 1.74%
52,748,572
  • $99.02 ▲ 1.38%
40,996,811
  • $74.92 ▼ 0.36%
37,831,986
  • $15.50 ▼ 0.58%
34,013,720
  • $31.98 ▼ 4.31%
32,417,159
  • $25.59 ▼ 0.78%
31,985,971
  • $54.87 ▲ 1.20%
As of 7/28/2014, 04:05 PM