Evercore ISI lowered the firm’s price target on Sprouts Farmers Market (SFM) to $170 from $190 and keeps an Outperform rating on the shares. The firm’s recent visit with Sprouts’ leadership at the Groceryshop conference highlighted a “solid” multi-year growth plan and “an attractive entry point,” though the firm has trimmed its base case target due to slowing comps and increased competition, the analyst tells investors.
Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SFM:
Disclaimer & DisclosureReport an Issue
