Craig-Hallum Downgrades Grocery Outlet Holding to Hold, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Jeremy Hamblin has downgraded Grocery Outlet Holding (NASDAQ:GO) from Buy to Hold and lowered the price target from $32 to $20.
July 31, 2024 | 4:25 pm
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NEGATIVE IMPACT
Craig-Hallum analyst Jeremy Hamblin downgraded Grocery Outlet Holding from Buy to Hold and reduced the price target from $32 to $20.
The downgrade from Buy to Hold and the significant reduction in the price target from $32 to $20 by a reputable analyst is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100