- BofA analyst Robert Ohmes has double upgraded Sprouts Farmers Market Inc SFM to Buy from Underperform. Ohmes also raised the price target to $40 from $21 (33% upside).
- The analyst expects the compounding effect of food inflation to back Sprouts Farmers Market's price acceleration, resulting in substantial potential for EPS upside.
- Ohmes views SFM's current valuation as attractive.
- Sprouts Farmers Market is a specialty grocer offering an assortment highlighting fresh and naturally derived products.
- Price Action: SFM shares are trading higher by 0.74% at $30.02 on the last check Friday.
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