UBS raised the firm’s price target on Sprouts Farmers Market to $62 from $45 and keeps a Neutral rating on the shares. Sprouts’ Q4 results show that the grocer continues to execute effectively on its revamped strategy, but secular pressures in food retail are likely to limit its multiple upside above the high teens level, 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
