Cowen & Co. has decided to maintain its Outperform rating of Grocery Outlet Holding (NASDAQ:GO) and raise its price target from $42.00 to $45.00.
Shares of Grocery Outlet Holding are trading up 2.38% over the last 24 hours, at $37.85 per share.
A move to $45.00 would account for a 18.89% 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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This article was generated by Benzinga's automated content engine and reviewed by an editor.