UBS Finally Throws In Towel on Whole Foods (WFMI), Sysco (SYY), and Safeway (SWY)

UBS has given up on food-related companies not named Wal-Mart (WMT). Pricing pressure on middle-income households will crimp spending, walloping these stocks:

Whole Foods (WFMI) downgraded from Buy to NEUTRAL.

Sysco (SYY) downgraded from Buy to NEUTRAL.

Safeway (SWY) downgraded from Buy to NEUTRAL.

See Also:
Sorry Whole Foods (WFMI), Worst Yet To Come For Food Prices
Whole Foods Clobbered By Wild Oats Integration? Or Are Strapped Shoppers Spurning $17 Asparagus

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