Barclays (NYSE: BCS) Cuts Estimates on United Natural Foods (NASDAQ: UNFI)
ByBarclays (NYSE: BCS) equities research analysts cut estimates on shares of United Natural Foods (NASDAQ: UNFI) for 2011 from $1.89 to $1.79 in a research note to investors on Thursday, citing gross margins pressures. The analysts reiterated an “equal weight” rating and a $33.00 price target in a research note to investors on Thursday.
United Natural Foods, Inc. (United Natural) is a distributor of natural, organic, and specialty foods and non-food products in the United States. It carries more than 60000 natural, organic, and specialty foods and non-food products, consisting of national brand, regional brand, private label and master distribution products, in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements, bulk and food service products, and personal care items. The Company serves more than 17000 customer locations across the United States. The Company operates through three operating divisions: wholesale division, retail division and manufacturing division.
Shares of UNFI traded down 2.07% hitting $34.02 during mid-day trading on Thursday.
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