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Fly News Breaks for March 16, 2016
SFM
Mar 16, 2016 | 08:15 EDT
Morgan Stanley analyst Vincent Sinisi said Sprouts Farmers Markets store model only continues to strengthen and has a substantial competitive "moat" given its reverse store layout, supplier relationships, 15+ year track record, and continued innovation across categories. Sinisi continues to see a long differentiated, natural/organic growth story and investor focus turning back to Sprout's fundamental outlook now that produce is inflationary. The analyst rates Sprouts Farmers Markets an Overweight with a $32 price target.
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