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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