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B of A Securities Upgrades Grocery Outlet Holding: Here's What You Need To Know

B of A Securities upgraded its rating of Grocery Outlet Holding (NASDAQ:GO) to Buy with a price target of $37.00, changing its price target from $23.00 to $37.00. Shares of Grocery Outlet Holding are trading up 2.27% over the last 24 hours, at $33.81 per s...

Benzinga · 04/29/2022 12:03

B of A Securities upgraded its rating of Grocery Outlet Holding (NASDAQ:GO) to Buy with a price target of $37.00, changing its price target from $23.00 to $37.00.

Shares of Grocery Outlet Holding are trading up 2.27% over the last 24 hours, at $33.81 per share.

A move to $37.00 would account for a 9.44% increase from the current share price.

About Grocery Outlet Holding

Grocery Outlet Holding Corp is a grocery store operator in the United States. Its flexible buying model allows them to offer quality, name-brand opportunistic products at prices generally 40% to 70% below those of conventional retailers. The stores are run by Entrepreneurial independent operators which create a neighborhood feel through personalized customer service and a localized product offering.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.