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Grocery Outlet price target raised to $17 from $14.50 at UBS

UBS raised the firm’s price target on Grocery Outlet (GO) to $17 from $14.50 and keeps a Neutral rating on the shares. Grocery Outlet took a step forward in Q1, demonstrating underlying progress on its systems challenges, a key component of the company’s turnaround plan, and its gross margin meaningfully outpaced consensus expectations, the analyst tells investors in a research note.

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