Why United Natural Foods Stock Soared This Week
Shares of United Natural Foods (NYSE: UNFI) were soaring this week after the natural foods wholesaler posted better-than-expected earnings in its fourth-quarter report; and it issued strong guidance for the current fiscal year. A number of Wall Street analysts also responded favorably to the report, hiking their price targets on the wholesale distributor stock.
As of the market close on Thursday, United Natural Foods, also known as UNFI, was up 30.7%.
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Source Fool.com