- BofA analyst Robert Ohmes downgraded Grocery Outlet Holding Corp GO to Underperform from Neutral with a price target of $23, down from $26.
- The analyst expects the company to have challenges on sales and margins in 2022.
- Ohmes added that the valuation of Grocery Outlet is extended based on its return on invested capital relative to its peers under his coverage.
- Price Action: GO shares are trading lower by 2.79% at $24.74 in premarket on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
