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Fly News Breaks for January 30, 2020
SFM
Jan 30, 2020 | 06:01 EDT
UBS analyst Mark Carden downgraded Sprouts Farmers Market to Neutral from Buy with a price target of $17, down from $23. The analyst sees heightened competition, near-term supply chain challenges and has questions about the sustainability of the company's produce pricing strategy as it gains scale. As such, he believes Sprouts' risk and reward are balanced at current share levels.
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