Whole Foods Market dips as caution rises


Cleveland Research downgrades Whole Foods Market (WFM -1.8%) to a Neutral rating from Buy.

The boutique investment firm says the grocery store chain's sales growth is decelerating as more competition arrives in the space.

Wells Fargo and William Blair lowered their estimates on comp sales growth for Whole Foods to 5%, but say the issue is macro-related as they keep a positive rating on shares.

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