Fly News Breaks for November 12, 2019
Nov 12, 2019 | 07:57 EDT
Grocery Outlet's Q3 results showed the company's comps remain well above industry trend with "stable/growing" margins, something that is "hard to come by in this hyper competitive space," Jefferies analyst Randal Konik tells investors in a post-earnings research note. The analyst believes the results demonstrate that Grocery Outlet is taking share and has "massive white space to grow." He recommends buying the stock with a Buy rating and $51 price target.
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