Shares of United Natural Foods (UNFI) plummeted 5.06% in intraday trading, as multiple analysts expressed caution and lowered price targets for the company. The steep decline comes amid growing uncertainty surrounding a recent cyberattack on the food wholesaler.

UBS led the bearish sentiment by cutting its price target on UNFI from $30 to $26, while maintaining a Neutral rating. This move was echoed by other financial institutions, with BTIG and Jefferies both reaffirming their Hold ratings on the stock. Wells Fargo took an even more pessimistic stance, maintaining its Sell rating on United Natural Foods.

The recent cyberattack on UNFI appears to be a significant factor driving the uncertainty and negative outlook. Edward Kelly from Wells Fargo specifically cited "cyberattack-induced uncertainty" in his report, suggesting that the incident could have material impacts on the company's operations and financial performance. As investors digest these analyst reports and grapple with the potential consequences of the cyberattack, UNFI's stock has come under considerable pressure, resulting in today's sharp decline.