Wells Fargo upgraded Sprouts Farmers Market (SFM) to Overweight from Equal Weight with a price target of $180, up from $175. The firm cites the recent pullback in the shares for the upgrade. The selloff on concerns about peaking comps and tough compares going forward creates an attractive opportunity, the analyst tells investors in a research note. Well tells investors to accumulate the stock at current levels as it expects a bottoming of comps at an “attractive” mid-single-digit range in the second half of 2025.
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