RBC Capital lowered the firm’s price target on Sprouts Farmers Market (SFM) to $140 from $148 and keeps an Outperform rating on the shares. The near-term catalyst path is limited, but with shares indicating down 20% after earnings, the risk to reward now skews significantly favorable for investors with duration, the analyst tells investors in a research note.
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Read More on SFM:
- Sprouts Farmers Market price target lowered to $108 from $118 at UBS
- Sprouts Farmers Market price target lowered to $91 from $124 at JPMorgan
- Sprouts Farmers Market price target lowered to $91 from $155 at Roth Capital
- Sprouts Farmers Market price target lowered to $152 from $178 at Goldman Sachs
- Cautious Hold Rating on Sprouts Farmers Market Amid Sales Slowdown and Margin Uncertainty