Telsey Advisory Group Maintains Outperform on Grocery Outlet Holding, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group analyst Joseph Feldman maintains an Outperform rating on Grocery Outlet Holding (NASDAQ:GO) but lowers the price target from $40 to $37.

February 28, 2024 | 10:46 am
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Telsey Advisory Group maintains an Outperform rating on Grocery Outlet Holding but lowers the price target from $40 to $37.
While the maintenance of an Outperform rating suggests continued confidence in the company's performance, the reduction in the price target could indicate concerns about near-term growth prospects or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100