Sprouts Farmers Market Initiated With Underperform at Evercore
<p>Evercore ISI initiated coverage on <a href='https://financialmodelingprep.com/financial-summary/SFM'>Sprouts Farmers Market (NASDAQ:SFM)</a> with an Underperform rating and a $29.00 price target, noting it views the company as likely to cede share because of significant West Coast exposure, a relatively high price perception, and mounting competition.</p>
<p>While credit management has successfully transformed the business in recent years, the company's premium offerings make it vulnerable to traffic and margin risks in a decelerating consumer landscape.</p>
<p>The analysts believe that the company's sales and margins are likely to moderate, and they expect a valuation that is relatively and absolutely at the lower end of its historical range to be appropriate.</p>

NASDAQ:SFM