Sprouts Farmers Market price target raised to $185 from $165 at BofA

BofA raised the firm’s price target on Sprouts Farmers Market (SFM) to $185 from $165 and keeps a Buy rating on the shares. The firm, which sees potential for Q4 sales and EPS upside when Sprouts reports on February 20, is applying a higher multiple to its estimates to reflect continued same-store sales strength, a sustained higher gross margin and potential for further upward estimate revisions driven by strong comp sales, traffic and margin performance.