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Benzinga

Business

Shivani Kumaresan

BofA Turns Bullish On Sprouts Farmers Market - Read Why

Sprouts Farmers Market BofA SFM Robert Ohmes Nasdaq Sprouts Farmers Market Inc Inflation

BofA analyst Robert Ohmes has double upgraded Sprouts Farmers Market Inc (NASDAQ:SFM) to Buy from Underperform. Ohmes also raised the price target to $40 from $21 (33% upside).
The analyst expects the compounding effect of food inflation to back Sprouts Farmers Market's price acceleration, resulting in substantial potential for EPS upside.
Ohmes views SFM's current valuation as attractive.
Sprouts Farmers Market is a specialty grocer offering an assortment highlighting fresh and naturally derived products.
Price Action: SFM shares are trading higher by 0.74% at $30.02 on the last check Friday.

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