Analysts raised UNFI targets to $56 and $47 following stronger-than-expected third-quarter results and productivity gains.
United Natural Foods (UNFI) saw its price targets raised by BMO Capital and Goldman Sachs after reporting third-quarter earnings that exceeded forecasts. BMO lifted its target to $56 from $52, citing productivity initiatives delivering benefits ahead of schedule and ongoing network optimization improving profitability.
Goldman Sachs increased its target to $47 from $42 but maintained a Neutral rating, noting softer fourth-quarter guidance due to higher fuel costs and investments in technology. Both firms highlighted UNFI’s cost-saving measures and operational efficiencies as key drivers of its profit improvement story.
The upgrades follow UNFI’s earnings surprise, though investor caution persists amid uneven revenue growth and broader market challenges.