Fly News Breaks for May 4, 2018
SFM
May 4, 2018 | 15:38 EDT
Loop Capital analyst Andrew Wolf lowered his price target on Sprouts Farmers Market to $24, saying that while the company registered a slight beat on earnings in Q1, it missed on comps and also lowered its SSS expectations by 1% for FY18 on lower inflation expectations. The analyst is also more cautious given the competitive pressure of Whole Foods launching a free two-hour home delivery for Prime members. Wolf keeps his Hold rating, adding that the stock is trading near the high end of the food merchandisers' group valuation.
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