United Natural Foods price target raised to $21 from $16 at UBS

UBS raised the firm’s price target on United Natural Foods to $21 from $16 and keeps a Neutral rating on the shares. United Natural Foods is showing that it’s making progress with it’s turnaround, despite a tough macro, and while food at home growth remained subdued, the company has seen some positive recent data points, including a return to positive volume growth at the end of Q4, the analyst tells investors in a research note. The long-term guidance is “achievable,” which should help to put a near-term floor on its multiple, UBS says.