BofA analyst Robert Ohmes raised the firm’s price target on Sprouts Farmers Market (SFM) to $100 from $92 and keeps a Buy rating on the shares after having hosted investor meetings with Sprouts’ CEO Jack Sinclair, CFO Curtis Valentine, and COO Nick Konat. The firm raised its multiple following the meetings given increasing confidence in Sprouts’ “specialty shop” model, the analyst tells investors.
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