Wells Fargo raised the firm’s price target on Sprouts Farmers Market to $32 from $25 and keeps an Underweight rating on the shares. The firm notes Sprouts Farmers Market continues to fend off bears with earnings beats. The quality of the upside was somewhat mixed in Wells’ view, but there were also encouraging data points. In the end, the firm remains concerned about Sprouts Farmers Market’s ability to grow earnings as pricing tailwinds end.
Published first on TheFly
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