DA Davidson analyst Michael Baker raised the firm’s price target on Grocery Outlet (GO) to $17 from $15 and keeps a Neutral rating on the shares. The company’s Q1 results show progress in improving execution and the stock has rebounded off of lows, the analyst tells investors in a research note. The firm further cites the company’s improved gross margin, which was a function of better inventory visibility as disruption from past systems upgrades now seem to be behind them.
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