Grocery Outlet price target lowered to $15 from $17 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on Grocery Outlet (GO) to $15 from $17 and keeps an Outperform rating on the shares. The company continues to make progress on restructuring its business, stabilizing new unit growth, increases store refreshes, and securing talent, the analyst tells investors. Looking further, the company’s initiatives and operating model, marketing position, and multi-year store growth should drive results ahead, the firm adds.