Evercore ISI Group Upgrades Sprouts Farmers Market to In-Line, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Michael Morris has upgraded Sprouts Farmers Market (NASDAQ:SFM) from Underperform to In-Line and increased the price target from $40 to $45.
January 04, 2024 | 12:02 pm
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Sprouts Farmers Market was upgraded by Evercore ISI Group from Underperform to In-Line, with a raised price target from $40 to $45, indicating a more favorable outlook.
Upgrades by analysts typically lead to a positive short-term reaction in the stock market as they suggest a better-than-previously-expected performance or valuation. The increase in price target further supports this positive outlook, potentially leading to increased investor confidence and a rise in the stock price.
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