Wells Fargo analyst Edward Kelly lowered the firm’s price target on Sprouts Farmers Market (SFM) to $110 from $135 and keeps an Overweight rating on the shares. The firm says set-up into the print looks mixed. Q4 results will likely be in-line, but Wells expects a below Street FY26 guide with soft first half of the year same-store sales lingering. While near-term outlook is tough, the firm still sees the underpinnings of a second half of the year recovery.
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