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BofA Securities analyst Robert Ohmes upgraded the rating for Sprouts Farmers Market Inc (NASDAQ: SFM) from Underperform to Buy.
Ohmes also raised the price target from $30 to $70.
The upgrade comes after Sprouts confirmed that over 15,000 of its products would be available for delivery on Uber Eats, Uber Technologies Inc‘s (NYSE: UBER) food delivery platform.
The company had also pivoted to a higher store growth rate of around 9% and is likely to return to a more than 10% target by …
Full story available on Benzinga.com
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