Deutsche Bank Downgrades Sprouts Farmers Market to Hold, Lowers Price Target to $42
Portfolio Pulse from richadhand@benzinga.com
Deutsche Bank analyst Krisztina Katai has downgraded Sprouts Farmers Market (NASDAQ:SFM) from Buy to Hold and lowered the price target from $45 to $42.
July 25, 2023 | 10:45 am
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Sprouts Farmers Market has been downgraded from Buy to Hold by Deutsche Bank, with a lowered price target of $42.
The downgrade from Buy to Hold by Deutsche Bank indicates a less optimistic outlook for the company's stock. The lowering of the price target from $45 to $42 also suggests that the bank expects the stock's future performance to be weaker than previously anticipated. This could potentially lead to a decrease in the stock's price in the short term.
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IMPORTANCE 80
RELEVANCE 100