TD Cowen raised the firm’s price target on Grocery Outlet (GO) to $8 from $6 and keeps a Hold rating on the shares. The firm updated its model following Q1 results which suggested stabilization on comps. It’s optimization plan isunderway, as company closed 27 stores this quarterand refreshed 58 stores year-to-date.
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Read More on GO:
- Grocery Outlet price target raised to $9 from $7 at Wells Fargo
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