Sprouts Farmers Market rises after Evercore upgrades to 'outperform'

Coherent

16/09/2024 17:44

** Organic food retailer Sprouts Farmers Market's  SFM.O 
shares rise ~4.96% to $107.16
    ** Evercore ISI upgrades stock to "outperform" from "in
line", as SFM benefits from expanding demand for organic and
fresh products from health-conscious consumers
    ** Brokerage raises stock PT to $120 from $96
    ** 3 of 16 analysts rate stock "buy" or higher, 13 "hold";
their median PT is $102- LSEG data
    ** Including session moves, stock more than doubled YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.Srivastava2@thomsonreuters.com;))