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.
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Wednesday, September 21, 2011
Marriott Marquis, New York
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