Goldman Sachs lowered the firm’s price target on Sprouts Farmers Market (SFM) to $178 from $209 and keeps a Buy rating on the shares. The price target reduction reflects the recent deceleration in trends. The recent pullback in the stock has created an attractive entry point with valuation now tracking below its historical averages and key peers, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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>>
Read More on SFM:
- Sprouts Farmers Market price target lowered to $180 from $185 at Evercore ISI
- Sprouts Farmers upgraded to Outperform from Sector Perform at RBC Capital
- Sprouts Farmers Market price target lowered to $170 from $190 at Evercore ISI
- Sprouts Farmers Signs New Distribution Agreement
- Sprouts Farmers Market management to meet with Oppenheimer