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Fly News Breaks for January 17, 2020
SFM
Jan 17, 2020 | 06:29 EDT
Wells Fargo analyst Edward Kelly downgraded Sprouts Farmers Market to Underweight from Equal Weight with a price target of $16, down from $18. The analyst has increased concerns around the company's ability to "reinvigorate growth" and he thinks the stock will underperform the Staples Retail/Food Service industry over the next 12 months. 2020 represents another challenging year for Sprouts amid weak comps, falling margins, and deteriorating new store returns, Kelly tells investors in a research note.
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