Fresh Market Inc. has been upgraded to neutral from sell at Goldman Sachs and raised the 12-month price target to $24 from $23. The firm’s analysts maintain their below-consensus estimates based on lingering concerns about Fresh Market’s earnings before interest and taxes margin and growing square footage. Goldman Sachs analysts believe the food retailer should focus on the core business and critical of a share buyback, according to its note. Fresh Market announced a new president and CEO on Tuesday, Richard Anicetti, ending a search that began in January. Fresh Market stock is up more than 6% today, but down nearly 45% for the year so far.
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