Analysis: Whole Foods Market still a Buy despite some sales cannibalization

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

Deutsche Bank think some short-term cannibalization could hit Whole Foods Market (WFM), but maintains a positive outlook with a Buy rating and $70 price target.

The cannibalization impact is a result of some stores opening within a 5-mile radius of another Whole Foods store.