Grocery Outlet price target lowered to $26 from $28 at Wells Fargo
The Fly

Grocery Outlet price target lowered to $26 from $28 at Wells Fargo

Wells Fargo lowered the firm’s price target on Grocery Outlet (GO) to $26 from $28 and keeps an Overweight rating on the shares. The firm notes Q3 carries risk on soft top-line reads, with some offset from likely margin upside. That said, the bar seems low, and Wells leans constructive given margin progress, better visibility around Q4 acceleration, and refocus on 2025 all bode positively for the stock.

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