Grocery Outlet rises after BofA lifts rating to 'buy'

Maplebear

30/09/2026 16:07

** Discount grocery retailer Grocery Outlet Holding GO.O climbs 2.6% to $11.25 after BofA upgrades stock to "buy" from "neutral"
** Brokerage raises PT to $15 from $12.50 
** BofA says valuations remain attractive despite concerns about supply chain costs, East Coast productivity and mixed results from its store refresh program
** Says co's "treasure hunt" shopping model is improving under CEO Jason Potter
** Expects e-commerce pricing parity with DoorDash DASH.O, Uber Technologies' UBER.K Uber Eats and Instacart CART.TO to support co's sales 
** In August, co forecast a smaller decline in annual sales and reported better-than-expected Q2 results 
** 1 of 14 brokerages rate the stock a "strong buy", 12 "hold", and 1 "sell"; median PT is $11 - data compiled by LSEG 
** Including session's moves, GO up 11.3% YTD

(Reporting by Jayasree Prabhu)
((Jayasree.Prabhu@thomsonreuters.com))