Deutsche Bank upgraded Sprouts Farmers Market (SFM) to Buy from Hold with a $190 price target The firm has “high conviction” in Sprouts’ growth outlook given its differentiated product assortment along with the shift to healthier eating. “We had been fans of the story and the management team but were waiting for a better entry point,” the analyst tells investors in a research note. Deutsche sees the stock’s recent 23% decline over the past month as an opportunity.
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Read More on SFM:
- Sprouts Farmers Market upgraded to Buy from Hold at Deutsche Bank
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- Sprouts Farmers Market price target raised to $139 from $119 at Jefferies
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