BofA analyst Robert Ohmes lowered the firm’s price target on Grocery Outlet (GO) to $17 from $20 and keeps a Neutral rating on the shares. The firm lowered its FY25 adjusted EPS view 18c to 72c, in line with initiated guidance for 70c-75c, the analyst tells investors in a post-earnings note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GO:
- Grocery Outlet price target lowered to $18 from $23 at Wells Fargo
- Grocery Outlet downgraded to Hold from Buy at Deutsche Bank
- Grocery Outlet Holding Faces Sell Rating Amid Operational Challenges and Uncertain Growth Prospects
- Cautious Outlook for Grocery Outlet Holding Amid Strategic Restructuring and Leadership Changes
- Cautious Outlook on Grocery Outlet Holding Amid Strategic Reevaluation and Operational Challenges