Jefferies raised the firm’s price target on United Natural Foods (UNFI) to $40 from $27 and keeps a Hold rating on the shares. The firm notes Q4 EBITDA was in line, with slight upside to sales, in line gross margin and lower OpEx contributing. Jefferies also notes that 2026 guide was introduced above consensus as momentum in its natural biz continues and the company is seeing solid progress behind its strategic realignment efforts, with incremental confidence also reflected in updated three-year plan incorporating low single digit sales growth, and low double digits EBITDA CAGR.
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