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Benzinga
Benzinga
Business
Priya Nigam

Why BofA Double Downgrades Sprouts Farmers Market To Underperform

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

Sprouts Farmers Market Inc (NASDAQ:SFM) expects double-digit percentage cost inflation and price hikes to continue through 2022, according to BofA Securities.

The Sprouts Farmers Market Analyst: Robert Ohmes downgraded the rating for Sprouts Farmers Market from Buy to Underperform while reducing the price target from $40 to $25.

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