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Benzinga
Benzinga
Business
Priya Nigam

INSANE: Why bofa double downgrades sprouts farmers market to underperform - The Real Truth

Sprouts Farmers Market Robert Ohmes BofA Securities Nasdaq Sprouts Farmers Market Inc Inflation

Sprouts Farmers Market Inc (NASDAQ:SFM) expects double-digit percentage cost inflation and price hikes to continue through 2022, according to BofA Securities.

The Sprouts Farmers Market Analyst: Robert Ohmes downgraded the rating for Sprouts Farmers Market from Buy to Underperform while reducing the price target from $40 to $25.

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