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

Goldman Sachs reiterated its Neutral rating on The Fresh Markets

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.