Credit Suisse Upgraded Whole Foods Market, Inc. (WFM)


Whole Foods Market, Inc. (NASDAQ:WFM) was upgraded by analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. The firm currently has a $40.00 target price on the stock, up from their previous target price of $30.00. Credit Suisse’s target price would suggest a potential upside of 23.65% from the stock’s current price.

A number of institutional investors have recently bought and sold shares of WFM. FDO Partners LLC purchased a new position in Whole Foods Market during the first quarter worth approximately $240,000. First Manhattan Co. raised its position in Whole Foods Market by 2.0% in the first quarter. First Manhattan Co. now owns 10,000 shares of the company’s stock worth $311,000 after buying an additional 200 shares in the last quarter. Quantum Capital Management raised its position in Whole Foods Market by 8.8% in the first quarter. Quantum Capital Management now owns 10,730 shares of the company’s stock worth $334,000 after buying an additional 867 shares in the last quarter. Exane Derivatives raised its position in Whole Foods Market by 108.2% in the first quarter. Exane Derivatives now owns 11,279 shares of the company’s stock worth $351,000 after buying an additional 5,861 shares in the last quarter. Finally, Iberiabank Corp raised its position in Whole Foods Market by 53.0% in the first quarter. Iberiabank Corp now owns 11,297 shares of the company’s stock worth $351,000 after buying an additional 3,915 shares in the last quarter.



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