Evercore ISI raised the firm’s price target on Sprouts Farmers Market to $96 from $84 and keeps an In Line rating on the shares after Sprouts’ Q2 results “exceeded lofty expectations.” Following the report, the firm is raising EPS estimates by about 7% for calendar years 2024 and 2025 to $3.42 and $3.75, respectively, to reflect the Q2 beat, share gains and inventory optimization driven margin upside.
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