- BofA analyst Robert Ohmes downgraded Grocery Outlet Holding Corp (NASDAQ: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.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
BofA Downgrades This Grocery Store Operator
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks