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Benzinga
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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