United Natural Foods Inc, (NASDAQ: UNFI) was beaten like a rented mule last night in after hours trading after an earnings disappointment and an earnings warning. The company is not yet seeing any leverage or efficiencies from a merger. Shares this morning will be trading at roughly a four or five year low.
Goldman Sachs is out with a research note this morning that is technically an upgrade. The brokerage firm is removing this from its Americas Sell List, although the "raised rating" is only a new "neutral" rating. The stock is now well below Goldman Sachs prior $24 target and this noted "historically low valuations" in the call.
This was just added to the Americas Sell List on January 7, 2008, so the calls on this one would at least be considered timely.
Jon C. Ogg
February 22, 2008
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.