Sprouts Farmers Market price target raised to $173 from $172 at RBC Capital

RBC Capital analyst Steven Shemesh raised the firm’s price target on Sprouts Farmers Market (SFM) to $173 from $172 and keeps a Sector Perform rating on the shares ahead of its Q2 results. After missing what was likely a very elevated buyside bar over the last 2 quarters, expectations seem much more reasonable to us, making for a decent setup into the print, the analyst tells investors in a research note.