Actionable news
0
All posts from Actionable news
Actionable news in SFM: Sprouts Farmers Market, Inc.,

Sprouts Farmers Market Now A Strong Buy, Vetr Crowd Says

Shares of Sprouts Farmers Market Inc SFM 1.91% have tumbled more than 17 percent over the past three months. Following such a decline, the Vetr crowd seems to believe plenty of room for upside has been unlocked, as evidenced by the average price target of $26.50. This implies a potential return of roughly 14.5 percent.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

Seeking to better reflect this upside potential, the Vetr community decided to upgrade Sprouts Farmers Market’s stock on Friday, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy).

It should be noted that, in accordance with the new rating, 85 percent of the crowd’s ratings are bullish at the time.

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.

DateFirmActionFromTo
Jul 2016Goldman SachsUpgradesSellBuy
Jul 2016OTR GlobalDowngradesMixedNegative
Jul 2016JP MorganInitiates Coverage onNeutral

© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.