Telsey Advisory Group Downgrades Grocery Outlet Holding to Market Perform, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group has downgraded Grocery Outlet Holding from Outperform to Market Perform and reduced its price target from $27 to $19.
October 30, 2024 | 5:16 pm
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NEGATIVE IMPACT
Telsey Advisory Group downgraded Grocery Outlet Holding from Outperform to Market Perform, reducing the price target from $27 to $19.
The downgrade from Outperform to Market Perform and the significant reduction in the price target from $27 to $19 by Telsey Advisory Group is likely to negatively impact the stock price of Grocery Outlet Holding in the short term. Such analyst actions often lead to decreased investor confidence and selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100