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UPDATE: Goldman Sachs Raises PT to $60 on The Fresh Market on New Store Openings

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Goldman Sachs reiterated its Neutral rating on The Fresh Markets (NASDAQ: TFM) but raised its price target from $58 to $60.

Goldman Sachs noted, "We are raising our FY13/14 EPS estimates to $1.77/$2.21 from $1.75/$2.15 as we update our store opening cadence and raise comp expectations, partially offset by less leverage from a higher rent assumption. We continue to like TFM's long-term fundamental story, but with only 5% upside to our upwardly revised price target, we maintain our Neutral rating and await a better entry point."

The Fresh Market closed at $57.38 on Friday.

Latest Ratings for TFM

DateFirmActionFromTo
Apr 2016Credit SuisseTerminatesNeutral
Apr 2016Stephens & Co.DowngradesOverweightEqual-Weight
Mar 2016Morgan StanleyUpgradesUnderweightEqual-Weight

View More Analyst Ratings for TFM
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Intraday Update Analyst Ratings

 

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