Goldman Sachs analyst Leah Jordan lowered the firm’s price target on Sprouts Farmers Market (SFM) to $130 from $152 and keeps a Buy rating on the shares. Solid Q4 results are expected and a differentiated position in natural and organic groceries, secular health/wellness trends, a new loyalty program, and a strong balance sheet support a path to second half top-line reacceleration, with attractive valuation, the analyst tells investors in a research note.
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