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Fly News Breaks for May 13, 2015
SFM
May 13, 2015 | 09:12 EDT
Morgan Stanley said recent meetings with Sprouts Farmers Markets management reaffirmed its view of a solid fundamental outlook and increased its conviction that produce issues are transitory. The firm has increased conviction in Sprouts' ability to enter new markets, in-store initiatives, and competition that remains rational. Morgan Stanley reiterates its Overweight rating for this "Best Idea" stock and views current valuation as an attractive entry point.
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