Sprouts Farmers Market upgraded to In Line from Underperform at Evercore ISI

Evercore ISI analyst Michael Montani upgraded Sprouts Farmers Market to In Line from Underperform with a price target of $45, up from $40. The analyst says positive traffic and share trends are likely enable Sprouts to grow into its multiple. Consumers have been more health conscious than anticipated despite inflationary pressure, and company management deserves credit for improved execution and initiatives to drive traffic, As previously reported,