Argus Downgrades Whole Foods Market (WFM) to Hold

Argus downgraded Whole Foods Market (NASDAQ: WFM) from Buy to Hold.

The downgrade comes as shares have surpassed the firm's $50 price target and are now trading at close to their assessment of fair value. Shares have outperformed the S&P 500 by 25% since they recommend the stock following disappointing earning in May. They now sees shares performing in-line with the S&P 500

For an analyst ratings summary and ratings history on Whole Foods Market click here. For more ratings news on Whole Foods Market click here.

Shares of Whole Foods Market closed at $51.73 yesterday.

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