TD Cowen lowered the firm’s price target on Grocery Outlet (GO) to $16 from $18 and keeps a Hold rating on the shares. The firm noted the company came up short on comps this quarter but noted that experimentation in promotion and marketing contributed to this result.
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Read More on GO:
- Correction: Grocery Outlet price target lowered to $17 at Telsey Advisory
- Grocery Outlet price target lowered to $15 from $16 at DA Davidson
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