Pali Research Upgrades Whole Foods Market (WFMI) to Buy, Managing Well Through Tough Environment

Investing

Published: February 19, 2009 9:50 am

Last Updated: February 19, 2009 2:08 pm

Pali Research upgrades Whole Foods Market (Nasdaq: WFMI) from Sell to Buy and raised its price target increased to $15, saying the company is managing well.

Pali analyst says, “In summary this quarter we saw: much better than expected cost containment, leveraging of labor costs, further capex cuts, plans to rationalize the store base and positive free cash flow.

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