United Natural Foods price target lowered to $12 from $15 at Wells Fargo

Wells Fargo lowered the firm’s price target on United Natural Foods to $12 from $15 and keeps an Underweight rating on the shares. United Natural Foods once again beat against a low bar, but trends in the business remain underwhelming, slowing top line and weak volumes present risk, and CFO change adds another wrinkle to the broader narrative, the firm says.