Wells Fargo Maintains Overweight on Grocery Outlet Holding, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Anthony Bonadio maintains an Overweight rating on Grocery Outlet Holding (NASDAQ:GO) but lowers the price target from $28 to $26.
October 30, 2024 | 2:51 pm
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Wells Fargo has maintained its Overweight rating on Grocery Outlet Holding but has reduced the price target from $28 to $26, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in the stock's performance, but the lowered price target indicates a tempered outlook, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100