Jun.27 — Amazon Prime members will now get 10 percent off certain sale items and other discounts at all Whole Foods stores nationwide. In a new note, Loop Capital Analyst Anthony Chukumba writes that Amazon’s expansion of Whole Foods grocery delivery to five new cities and into apartment building delivery highlights management’s focus on “eliminating online shopping pain points.” Chukumba not only has a buy rating on the company but also has raised his price target. Bloomberg’s Emily Chang speaks with Loop Capital’s Anthony Chukumba and Bloomberg’s Brad Stone.
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