Wells Fargo analyst Anthony Bonadio raised the firm’s price target on Grocery Outlet (GO) to $19 from $18 and keeps an Overweight rating on the shares. The firm says the company took a step in the right direction with a sizable Q1 beat and guide reiteration. A softer-than-expected April may drag on the stock, but Wells still sees forward progress, evidence of better execution, and a compelling 2025 recovery.
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Read More on GO:
- 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
- Grocery Outlet reports Q1 adjusted EPS 13c, consensus 7c
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