UPDATE: Morgan Stanley Raises Fresh Market's PT

According to a research report published this morning, Morgan Stanley has increased Fresh Market's TFM PT from $54 to $62. In the report, Morgan Stanley said, "After hosting meetings with The Fresh Market CEO and CFO we came away confident in the 14-15% store growth story, more comfortable with the coming California expansion, and excited about the prospects for a comp tailwind in 2013-2015 as more young stores hit the maturity “sweet spot”." Morgan Stanley maintains its Overweight rating on Fresh Market, which is currently trading at $52.48.