United Natural Foods, Inc. (NYSE: UNFI) was listed as one of the top food stocks to buy according to Wall Street analysts. UBS recently lowered its price target on UNFI from $30 to $26 but maintained a “Neutral” rating following the company’s third-quarter fiscal 2025 results, which surpassed expectations.
UNFI reported an almost 21% increase in adjusted EBITDA compared to the previous year. Despite positive financials, concerns arose due to a recent cyber attack, which prompted UBS to lower its price target. The impact of the cyber attack on customer retention and future earnings was a significant factor in the decision.
On June 26, UNFI announced the restoration of its main systems following the cyber attack, reassuring customers and suppliers. The incident has been contained, and electronic ordering and invoicing systems are back online. UNFI is a prominent wholesale distributor of natural and organic food products in North America.
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Read more at Yahoo Finance: UBS Lowers United Natural Foods (UNFI) PT, Keeps Neutral Rating