Morgan Stanley Maintains Underweight on Grocery Outlet Holding, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an 'Underweight' rating on Grocery Outlet Holding (NASDAQ:GO) and lowered the price target from $27 to $20.
November 09, 2023 | 2:10 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an 'Underweight' rating on Grocery Outlet Holding and lowered the price target from $27 to $20.
The lowered price target from Morgan Stanley indicates a bearish outlook for Grocery Outlet Holding. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100