Jefferies raised the firm’s price target on Sprouts Farmers Market (SFM) to $139 from $119 and keeps a Hold rating on the shares. Q4 EBIT and EPS beat expectations by about 5% and 7%, respectively, while comps accelerated to 11.5%, the analyst tells investors. Management guided Q1 and FY25 above consensus, although implied second half comps are seen decelerating to flattish-to- up low-single digits from up double digits in Q1, notes the analyst, who says slowing comps give the firm “pause” in regards to valuation.
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