Positive Media Coverage Somewhat Unlikely to Impact Whole Foods Market (WFM) Stock Price
Media coverage about Whole Foods Market (NASDAQ:WFM) has trended positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Whole Foods Market earned a daily sentiment score of 0.32 on Accern’s scale. Accern also assigned media stories about the company an impact score of 44.9905988925738 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- With Target’s $550M Shipt deal, 2017 is the year retailers got serious about competing with Amazon (bizjournals.com)
- With Target’s $550M Shipt deal, 2017 is the year retailers from Publix to Walmart got serious about competing with … – Tampa Bay Business Journal (bizjournals.com)
- Is This Whole Foods Supplier the Real Winner in the Amazon Buy? (finance.yahoo.com)
- 5 Reasons Costco Stock Has Surged 20% in 8 Weeks (thestreet.com)
- Offers Unique Gifts and Convenient One-Stop Shopping in Time for the Holidays – Business Wire (press release) (businesswire.com)
WFM has been the subject of several research analyst reports. Royal Bank of Canada set a $42.00 price target on shares of Whole Foods Market and gave the company a “buy” rating in a research note on Tuesday, August 29th. Barclays reaffirmed an “equal weight” rating on shares of Whole Foods Market in a research note on Thursday, August 24th. BidaskClub downgraded shares of Whole Foods Market from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Jefferies Group reaffirmed a “hold” rating on shares of Whole Foods Market in a research note on Thursday, August 31st. Finally, Pivotal Research reaffirmed a “hold” rating on shares of Whole Foods Market in a research note on Tuesday, August 29th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $38.43.
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Whole Foods Market Company Profile
Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company operates approximately 456 stores in the United States, Canada and the United Kingdom. Its stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.
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