Wells Fargo analyst Edward Kelly raised the firm’s price target on Sprouts Farmers Market (SFM) to $175 from $170 and keeps an Equal Weight rating on the shares. The firm notes the company delivered another stellar print in Q1, but against high expectations. The growth outlook remains robust in a market lacking options, but slowing comparable sales against a high valuation could limit upside for now. Wells likes the story, but remains sidelined.
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