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UNFI - Why United Natural Foods Stock Soared This Week
United Natural Foods Inc.
Shares of United Natural Foods (NYSE: UNFI) were soaring this week after the natural foods wholesaler posted better-than-expected earnings in its fourth-quarter report; and it issued strong guidance for the current fiscal year. A number of Wall Street analysts also responded favorably to the report, hiking their price targets on the wholesale distributor stock .
As of the market close on Thursday, United Natural Foods, also known as UNFI, was up 30.7%.