On Nov 06, major Wall Street analysts update their ratings for $Grocery Outlet (GO.US)$, with price targets ranging from $13 to $23.
Morgan Stanley analyst Simeon Gutman maintains with a sell rating, and adjusts the target price from $23 to $13.
BofA Securities analyst Robert Ohmes maintains with a hold rating, and maintains the target price at $17.
Wells Fargo analyst Anthony Bonadio maintains with a buy rating, and adjusts the target price from $26 to $23.
TD Cowen analyst Oliver Chen downgrades to a hold rating, and adjusts the target price from $25 to $16.
Craig-Hallum analyst Jeremy Hamblin maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Grocery Outlet (GO.US)$'s main analysts recently are as follows:
Grocery Outlet's journey has resembled a rollercoaster, with the perspective that the most challenging times may have passed as the former CEO resumes leadership. The third quarter performance was more favorable than anticipated, and despite a seemingly modest outlook for the fourth quarter, there is a potential gradual return to the algorithm by 2025, while the valuation multiple continues to be at historically low levels.
Grocery Outlet's Interim CEO is anticipated to provide a positive and stabilizing influence, focusing on resolving ongoing tech systems challenges, improving relations with independent operators, and reinstating value pricing for customers. Yet, a cautious approach is being adopted until there is greater assurance of the company's capability to implement its strategic plan for future success.
Here are the latest investment ratings and price targets for $Grocery Outlet (GO.US)$ from 5 analysts:
Note:
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