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Evercore ISI Reduces PT on Sprouts Farmers Market (SFM) to $170 From $190, Keeps an Outperform Rating
Yahoo Financeยท 2025-10-16 12:21
Core Viewpoint - Sprouts Farmers Market, Inc. (NASDAQ:SFM) is identified as a strong large-cap stock with over 50% upside potential, despite a recent price target reduction from $190 to $170 by Evercore ISI, which maintains an Outperform rating on the shares [1][2]. Company Overview - Sprouts Farmers Market, Inc. is a specialty retailer focused on natural and organic foods, providing a unique grocery experience with products that are organic, plant-based, gluten-free, and aligned with lifestyle-friendly ingredients. The company operates approximately 407 stores across 23 states [3]. Growth Potential and Challenges - A recent meeting with the company's leadership revealed a "solid" multi-year growth plan and an "attractive entry point" for investors. However, the firm has reduced its base case target due to increasing competition and slowing comparable store sales [2].