Sprouts Farmers Market price target raised to $130 from $90 at Wells Fargo

Wells Fargo raised the firm’s price target on Sprouts Farmers Market (SFM) to $130 from $90 and keeps an Equal Weight rating on the shares. The firm notes the company delivered the best evidence yet that it has transitioned back to an attractive growth story. Continued strong comps point to differentiation of its healthy living model, while large white space supports a strong low double digits-plus algo, Wells says. Valuation keeps the firm on the sidelines.