B of A Securities Downgrades Grocery Outlet Holding to Neutral, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has downgraded Grocery Outlet Holding from Buy to Neutral and reduced its price target from $29 to $17.

October 30, 2024 | 6:00 pm
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NEGATIVE IMPACT
B of A Securities downgraded Grocery Outlet Holding from Buy to Neutral, lowering the price target from $29 to $17, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by a major analyst like B of A Securities typically signals a less favorable view on the stock's potential, which can lead to a negative short-term impact on the stock price. The significant reduction in the price target from $29 to $17 further supports this negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100