Analysts Review 3 Food Stocks: Whole Foods, Kraft and Jack in the Box
On Wednesday, investors and traders continue to add moderate buying to the financial markets once again. The S&P is above 1,300 at the moment as new earnings releases are digested and others are previewed. These 3 big name food stocks were reviewed by analysts today:
Whole Foods Market, Inc. (NASDAQ:WFM): BMO Capital ups Whole Foods target from $75 to $90. BMO Capital cites Whole Foods move to smaller stores improving its return on invested capital and little competition as a “health and wellness food retailer.” The firm maintains an Outperform.
Kraft Foods Inc. (NYSE:KFT): Stifel Nicolaus increased Kraft Foods target from $39 to $42. Kraft pre-announced stronger than expected results for 2011. The firm maintains a Buy.
Jack in the Box Inc. (NASDAQ:JACK): DA Davidson says great buying opportunity on Jack in the Box weakness. Wedbush initiated Jack in the Box at Underperform saying the restaurant has limited opportunities to expand margin, but DA Davidson disagrees. DA Davidson thinks future margin expansion for Jack is “very significant.” DA Davidson maintains a Buy with a $27 target.
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