United Natural Foods price target raised to $22 from $15 at Goldman Sachs

Goldman Sachs analyst Leah Jordan raised the firm’s price target on United Natural Foods to $22 from $15 and keeps a Neutral rating on the shares. The company delivered a Q4 earnings beat and in-line FY25 guidance, even though investors “leaned bearish” heading into the print, the analyst tells investors in a research note. The shift to positive wholesale volumes at the end of the quarter and United Natural’s newly announced 3-year outlook detailing margin growth amid flat sales reinforce that recent cyclical pressures should be largely in the rearview, the firm states, adding that the potential upside could also come from an increase in vendor promotions or favorable procurement opportunities.