Grocery Outlet price target lowered to $30 from $32 at UBS

UBS lowered the firm’s price target on Grocery Outlet to $30 from $32 and keeps a Neutral rating on the shares. The firm thinks Grocery Outlet’s print should help ease some fears on the stock that was down 7% between its Q3 and Q4 results, with incremental details provided on the United Grocery Outlet acquisition suggesting it’s a solid asset that should fit quite well into Grocery Outlet’s model, the analyst tells investors in a research note.