Sprouts Farmers Market price target raised to $96 from $67 at Jefferies

Jefferies analyst Rob Dickerson raised the firm’s price target on Sprouts Farmers Market to $96 from $67 and keeps a Hold rating on the shares. Sprouts posted an “impressive” Q2, with results and another upped guide nicely ahead of consensus, the analyst tells investors in a research note. The firm added that strong fundamentals and evident differentiation reduce competitive price risk relative to traditional grocers.