Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

BB&T Trims Whole Foods to 'Buy'

BB&T Capital downgraded Whole Foods (WFMI) to buy.

Analyst Andrew Wolf says earnings per share were below his estimate, and in line with the consensus estimate. He notes comp-store sales were below the forecast and Whole Foods' guidance. Wolf says he considers Whole Foods' guidance warning to be overly conservative, and he cut his estimates accordingly. He also trimmed the target to $57, from $60.

Wolf now forecasts $1.65 fiscal 2003 (Sep.) earnings per share, down from $1.70, and sees $2.00 fiscal 2004, down from $2.05. With the stock trading at about 30 times the calendar 2003 earnings per share forecast, he thinks the shares are fairly valued for a premier retail growth stock, which prompts his call to accumulate the stock on further price weakness.

blog comments powered by Disqus