TD Cowen analyst Oliver Chen lowered the firm’s price target on Grocery Outlet (GO) to $16 from $18 and keeps a Hold rating on the shares. The firm noted the new CEO, Jason Potter, impresses given a disciplined focus on merchandise and inventory fundamentals and execution gaps in tech systems, private label, and supply chain.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GO:
- Grocery Outlet upgraded to Buy from Hold at Craig-Hallum
- Grocery Outlet upgraded to Equal Weight from Underweight at Morgan Stanley
- Grocery Outlet Reports Q2 2025 Financial Results
- Grocery Outlet reports Q2 adjusted EPS 23c, consensus 17c
- Grocery Outlet raises FY25 adjusted EPS view to 75c-80c from 70c-75c