Evercore Cuts Sprouts Farmers Market Target to $83, Flags Near-Term Downside Ahead of Q4 Results
Evercore ISI lowered its price target for Sprouts Farmers Market (SFM) to $83 from $130 and placed the stock on its Underperform TAP List with a near-term fair value of roughly $60, suggesting an 8-12% downside into the company’s fourth-quarter earnings on February 19. The firm pointed to a choppy consumer backdrop and difficult early-year comparis…