Evercore ISI Reduces PT on Sprouts Farmers Market (SFM) to $170 From $190, Keeps an Outperform Rating

Sprouts Farmers Market, Inc. (NASDAQ:SFM) is one of the best large cap stocks with more than 50% upside. On October 3, Evercore ISI slashed the price target on Sprouts Farmers Market, Inc. (NASDAQ:SFM) to $170 from $190, keeping an Outperform rating on the shares.

The firm told investors that its recent meeting with the company’s leadership reflected a “solid” multi-year growth plan along with “an attractive entry point”. However, it added that the firm trimmed its base case target because of the rising competition and slowing comps.

Sprouts Farmers Market, Inc. (NASDAQ:SFM) is a specialty natural and organic food retailer that offers a specialty grocery experience. Its products are made of organic, plant-based, gluten-free, and similar lifestyle-friendly ingredients. The company operates around 407 stores in 23 states.

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Disclosure: None. This article is originally published at Insider Monkey.