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Downgrade Alert for United Natural Foods (UNFI)

By James Quinn

United Natural Foods (NASDAQ:UNFI) was downgraded from Buy to Hold at Standpoint Research today. The stock closed yesterday at $44.28 on volume of 4.9 million shares, above average daily volume of 657,000.

United Natural Foods, Inc. distributes natural foods and related products. The Company offers natural products consisting of groceries and general merchandise, nutritional supplements, bulk and foodservice products, personal care items, perishables, and frozen foods.

There is potential upside of 23.9% for shares of United Natural Foods based on a current price of $44.28 and an average consensus analyst price target of $54.88. United Natural Foods shares have support at the 200-day moving average (MA) of $42.86 and additional support at the 50-day MA of $37.47.

In the past 52 weeks, shares of United Natural Foods have traded between a low of $29.75 and a high of $83.91 and closed yesterday at $44.28, which is 49% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 1.2%.

SmarTrend is monitoring the recent change of momentum in United Natural Foods. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of United Natural Foods in search of a potential trend change.

Keywords: analyst upgrades/downgrades united natural foods

Ticker(s): UNFI