Evercore ISI lowered the firm’s price target on Sprouts Farmers Market (SFM) to $170 from $190 and keeps an Outperform rating on the shares. The firm’s recent visit with Sprouts’ leadership at the Groceryshop conference highlighted a “solid” multi-year growth plan and “an attractive entry point,” though the firm has trimmed its base case target due to slowing comps and increased competition, the analyst tells investors.
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