Evercore ISI analyst Michael Montani lowered the firm’s price target on Sprouts Farmers Market (SFM) to $175 from $180 and keeps an Outperform rating on the shares. The upcoming Q3 EPS report is expected to line up with Street estimates, but there’s anticipation of a Q4 guide down, the analyst tells investors in a preview. While Sprouts is facing near-term pressure, it holds medium to long-term opportunities, the analyst added.
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