Jefferies Raises Whole Foods Market PT To $64 (WFMI)

Jefferies raised its Whole Foods Market WFMI price target to $64 from $60 in a research report published today. In the report, Jefferies states, "WFMI continues to deliver strong sales/earnings growth driven by increasing traffic and improved execution. While WFMI proved it can comp the comp, above-expectation EPS growth for the rest of 2011 will likely result from the confluence of both trade-up and inflation while maintaining better execution and strong traffic trends." Shares of Whole Foods Market were at $58.50 in pre-market trading at the time of posting, up 8.84% from Thursday's market close.