BofA/Merrill Lynch Raises Price Target on Whole Foods (WFM)

BofA/Merrill Lynch Raises Price Target on Whole Foods (WFM)

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Bank of America/Merrill Lynch reported on Thursday that it has increased its price target on supermarket chain, Whole Foods Market, Inc. (WFM).

The firm has raised its price target on WFM to $62. This price target suggests a 16% upside from the stock’s current price of $51.93.

Analysts see an upside to the natural foods market.

Whole Foods shares were down 79 cents, or -1.52% during Thursday morning trading. The stock is up 12% YTD.

The Bottom Line
Shares of Whole Foods Market, Inc. (WFM) have a 0.78% yield, based on Thursday morning’s price of $51.55.

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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