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Whole Foods’ Target Raised at BMO Capital (WFM)

By Dividend.com April 24, 2012, 10:44:21 AM EDT

Natural foods supermarket chain Whole Foods Market, Inc. ( WFM ) on Tuesday received some positive commentary from analysts at BMO Capital.

The firm maintained its "Outperform" rating on WFM and lifted its price target to $95, suggesting a nearly 14% upside to the stock's Monday closing price of $83.67. BMO Capital noted the company is a market leader and thus deserves a premium valuation.

Whole Foods shares posted modest losses in premarket trading Tuesday.

The Bottom Line
Shares of Whole Foods ( WFM ) have a .67% dividend yield, based on last night's closing stock price of $83.67. The stock has technical support in the $80 price area. The shares are trading right near 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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