Morgan Stanley Maintains Underweight on Grocery Outlet Holding, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman maintains an Underweight rating on Grocery Outlet Holding (NASDAQ:GO) and raises the price target from $25 to $27.

August 21, 2023 | 12:48 pm
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Morgan Stanley maintains an Underweight rating on Grocery Outlet Holding and raises the price target from $25 to $27.
The news is directly about Grocery Outlet Holding. Morgan Stanley's decision to maintain an Underweight rating suggests they believe the stock is overvalued or there are better opportunities elsewhere. However, the increase in price target from $25 to $27 indicates a slightly more positive outlook, which could have a neutral impact on the stock's short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100