Cantor Fitzgerald: Wait on Whole Foods Market

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

Cantor Fitzgerald thinks Whole Foods Market (WFM -1.6%) needs to peel off some more share price before investors should jump in.

The combination of slower growth trends and higher input costs creates some operational challenges which haven't been fully factored in yet, according to analyst Ajay Jain.

Whole Foods Market is down 34.8% YTD and is 42.4% off its 52-week high.