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United Natural Foods (NYSE:UNFI) Shares Gap Up After Analyst Upgrade
United Natural Foods (NYSE:UNFI) saw its stock price gap up after Wells Fargo & Company upgraded the stock from an “equal weight” to an “overweight” rating, increasing its price target to $56.00. Despite this positive move and recent earnings topping estimates, analysts remain largely mixed, with a consensus “Hold” rating. Insider activity shows a director recently acquired a significant number of shares, and institutional investors have adjusted their holdings.