Wells Fargo lowered the firm’s price target on Grocery Outlet (GO) to $18 from $23 and keeps an Overweight rating on the shares. The firm says Grocery Outlet managed to again disappoint vs. a low bar. A mixed Q4 missed, 2025 guidance was below algo, and the company “kicked the can” on margin recovery, Wells says. The firm believes near-term is further clouded, but it’s cheap, and it sees value in eventual recovery.
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