BMO Capital raised the firm’s price target on Sprouts Farmers Market to $31 from $26 but keeps an Underperform rating on the shares. The company’s Q4 saw a broad beat on better comps and gross margin expansion, though the firm remains cautious on Sprouts Farmers Market’s strategy as nearer-term the comp outlook suggest further gross margin expansion is needed to offset SG&A deleverage, the analyst tells investors in a research note.
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- Sprouts Farmers Market price target raised to $49 from $43 at Deutsche Bank
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- Sprouts Farmers Market upgraded to In Line from Underperform at Evercore ISI
