Information Provided By:
Fly News Breaks for August 2, 2019
SFM
Aug 2, 2019 | 06:25 EDT
JPMorgan analyst Ken Goldman downgraded Sprouts Farmers Market to Neutral from Overweight and lowered his price target for the shares to $19 from $22. Tough the shares are "arguably inexpensive," there is not enough "sustainable" same-store sales growth to maintain a positive stance, Goldman tells investors in a research note. He thinks it will take time for Sprouts' comps to improve. The analyst says he left the earnings call "disappointed not to hear more about the turnaround plan."
News For SFM From the Last 2 Days
There are no results for your query SFM