Telsey Advisory analyst Joseph Feldman lowered the firm’s price target on Grocery Outlet to $27 from $31 and keeps an Outperform rating on the shares. The company reported “solid” Q2 results and broadly maintained its guidance for FY24, the analyst tells investors. The firm continues to like Grocery Outlet for its market position, which includes a defensive product mix, value-focused offering, and multi-year store growth.
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