Craig-Hallum upgraded Grocery Outlet (GO) to Buy from Hold with a price target of $17, up from $14. The company reported a Q2 beat and improved operational execution, the analyst tells investors in a research note. The firm now sees reduced risk in Grocery Outlet’s story and believes the shares will re-rate on its same-store-sales and margin improvement.
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Read More on GO:
- Grocery Outlet upgraded to Equal Weight from Underweight at Morgan Stanley
- Grocery Outlet Reports Q2 2025 Financial Results
- Grocery Outlet reports Q2 adjusted EPS 23c, consensus 17c
- Grocery Outlet raises FY25 adjusted EPS view to 75c-80c from 70c-75c
- Grocery Outlet Holding Corp. Receives Hold Rating Amid Uncertainty and Strategic Changes