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Whole Foods’ Target Boosted at BMO Capital; Stock Deserves Premium Valuation (WFM)

By Dividend.com June 29, 2012, 09:07:19 AM EDT

Natural foods supermarket chain operator Whole Foods Market, Inc. ( WFM ) on Friday caught some bullish commentary from analysts at BMO Capital Markets.

The firm maintained its "Outperform" rating on WFM and raised its price target to $105. That new target suggests a 12% upside to the stock's Thursday closing price of $93.72.

BMO capital noted the company's sales remain strong, and as a clear market leader, the stock deserves a premium valuation.

Whole Foods shares posted modest gains in premarket trading Friday.

The Bottom Line
Shares of Whole Foods Market ( WFM ) have a .60% dividend yield, based on last night's closing stock price of $93.72. The stock has technical support in the $90 price area. The shares are trading at all-time highs.

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.


This article appears in: Investing, Stocks

Referenced Stocks: WFM



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