In a report published Tuesday, Citigroup analyst Alvin C. Concepcion initiated coverage on Smart & Final Stores Inc SFS with a Neutral rating and $15.00 price target.
In the report, Citigroup noted, “We are initiating coverage of Smart & Final Stores with a Neutral rating and $15 target price. SFS is a 250 unit chain under the Smart & Final and Cash & Carry banners, with stores primarily in CA. While we think the company has strong growth prospects w/ 16% adjusted net income growth through 2016, our valuation analysis suggests much of that growth is likely reflected in the current stock price.”
Smart & Final Stores closed on Tuesday at $14.45.
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