Shares of Whole Foods Markets are higher in Wednesday’s session following an upgrade from Credit Suisse. The bank upgraded the supermarket chain to Outperform from Neutral. In a research note, analysts said they see a ‘unique opportunity’ to own Whole Foods while still in the early stages of repositioning that should reinvigorate growth. Whole Foods has managed to cut prices and aggressively reduce costs, according to Credit Suisse, which could open the door to renewed growth opportunities. But, Credit Suisse also noted that earnings could ‘remain choppy near-term,’ with a recovery expected within 18 months. Whole Food shares are up about 13 percent over the past month.
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