Sprouts Farmers Market shares are trading higher after Evercore ISI Group upgraded the stock from In-Line to Outperform and raised its price target $96 to $120.
Portfolio Pulse from Benzinga Newsdesk
Sprouts Farmers Market shares rose following an upgrade by Evercore ISI Group from In-Line to Outperform, with a price target increase from $96 to $120.
September 16, 2024 | 2:59 pm
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POSITIVE IMPACT
Sprouts Farmers Market received an upgrade from Evercore ISI Group, boosting its stock rating to Outperform and increasing the price target from $96 to $120, leading to a rise in share price.
The upgrade by Evercore ISI Group is a strong positive signal for investors, indicating confidence in Sprouts Farmers Market's future performance. The increased price target suggests potential for further stock appreciation, which is likely to attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100