Goldman Sachs Maintains Sell on Grocery Outlet Holding, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kate McShane maintains a Sell rating on Grocery Outlet Holding (NASDAQ:GO) and lowers the price target from $17 to $15.
November 01, 2024 | 5:10 pm
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Goldman Sachs has reiterated its Sell rating on Grocery Outlet Holding and reduced the price target from $17 to $15, indicating a bearish outlook.
The reduction in price target from $17 to $15 by a major financial institution like Goldman Sachs suggests a negative outlook on Grocery Outlet Holding's future performance. This is likely to put downward pressure on the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100