Morgan Stanley analyst Simeon Gutman upgraded Grocery Outlet (GO) to Equal Weight from Underweight with a price target of $16, up from $13. The firm believes the company’s operational improvements are driving stable EBITDA outlook against easy compares. It sees upside potential if Grocery Outlet’s fundamentals continue to strengthen and a more balanced risk/reward for the shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GO:
- 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
- Goldman Sachs Says Avoid These 8 Stocks Ahead of Q2 Earnings