UBS Lowers United Natural Foods (UNFI) PT, Keeps Neutral Rating

United Natural Foods, Inc. (NYSE:UNFI) is one of the 11 Best Food Stocks to Buy According to Wall Street Analysts. On June 11, UBS lowered its price target on United Natural Foods, Inc. (NYSE:UNFI) from $30 to $26 and kept its “Neutral” rating.

This decision came after United Natural Foods, Inc. (NYSE:UNFI) reported its third quarter fiscal 2025 results, which beat both expectations for both top and bottom line. The company’s Natural segment helped drive revenue growth.

United Natural Foods, Inc. (NYSE:UNFI) also improved its adjusted EBITDA by almost 21% compared to last year. UBS analysts also noted that the company made good progress in reducing its debt.

Despite these positive developments, a recent cyber attack raised some concerns and introduced “considerable uncertainty” about customer retention and how United Natural Foods, Inc.’s (NYSE:UNFI) future earnings might be affected. The cyber attack’s potential impact on the company’s business was an important factor in the research firm’s decision to lower its price target for United Natural Foods, Inc. (NYSE:UNFI).

However, on June 26, United Natural Foods, Inc. (NYSE:UNFI) reported that it had restored the main systems its retail customers and suppliers use to do business with the company. The report said that the incident had been contained, and its electronic ordering and invoicing systems are back online.

United Natural Foods, Inc. (NYSE:UNFI) is a leading natural and organic food company. It is one of the largest wholesale distributors of healthy, fresh, branded, and owned brand products in North America.

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Disclosure: None. This article is originally published at Insider Monkey.