Morgan Stanley Sees Positive Growth Outlook For Sprouts Farmers Market Inc

In a report published Friday, Morgan Stanley analyst Vincent J. Sinisi reiterated an Overweight rating and $38.00 price target on

. In the report, Morgan Stanley noted, “SFM has grown its share of the Nat./Org. market from an est. 2.7% in 2008 to 4.5% in 2013. We forecast share growing to 7.6% in 2018e as productive store growth continues, with Sprouts differentiated by its inexpensive produce, broad consumer appeal, and convenient size box. Reiterate OW, $38 PT.” Sprouts Farmers Market Inc closed on Thursday at $30.82.