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Fly News Breaks for August 2, 2019
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."
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