UPDATE: Goldman Sachs Downgrades Whole Foods Market on Lower Estimates, Elevated Valuation

In a report published Friday, Goldman Sachs analyst Stephen Grambling downgraded the rating on Whole Foods Market (NASDAQ: WFM ) from Buy to Neutral, and lowered the price target from $66.00 to $57.00. In the report, Goldman Sachs noted, “We are downgrading WFM to Neutral from Buy following F4Q results.