Sprouts Farmers Market price target raised to $45 from $39 at UBS

UBS raised the firm’s price target on Sprouts Farmers Market to $45 from $39 and keeps a Neutral rating on the shares post the Q3 report. The analyst believes Sprouts continues to execute well, benefiting from its strategic investments over the past few years in its real estate portfolio and merchandising enhancements. Further, the company is proving to be more insulated from some of the macro pressures relative to other grocers, as its core customer base is more affluent and places a particular emphasis on healthy living, the analyst tells investors in a research note.