Whole Foods still a long-term Buy to Deutsche

|About: Whole Foods Market, Inc. (WFM)|By:, SA News Editor

Deutsche Bank backs up its Buy rating on Whole Foods (WFM -9.2%) as it takes a longer view on the company's prospects.

The investment firm cites growth in +$50 customer baskets and gross margin improvement as two trends that could sustain.

Share price could also get a boost from buybacks with the company flush with $1.4B in cash at quarter end.