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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Read More on GO:
- Grocery Outlet price target raised to $19 from $18 at Wells Fargo
- Negative Outlook for Grocery Outlet Holding Due to Underperforming Sales and Overvaluation
- Balancing Long-Term Potential and Near-Term Challenges: A Hold Rating for Grocery Outlet Holding
- Grocery Outlet Reports Q1 2025 Financial Results
- Grocery Outlet Announces Executive Departures Amid Restructuring
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