Dollar General (DG): 3Q Beat Could Extend Rally - Guggenheim

November 29, 2016 7:22 AM EST
Get Alerts DG Hot Sheet
Price: $70.14 -1.23%

Rating Summary:
    17 Buy, 16 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 29 | Down: 30 | New: 23
Trade DG Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with's Ratings Insider Elite. Get your Free Trial here.

Guggenheim analyst, John Heinbockel, reiterated his Buy rating on shares of Dollar General (NYSE: DG) thinking that a 3Q Beat could continue the tactical bounce.

The analyst had reiterated his Buy rating in the aftermath of the disappointing 2Q on the belief that the sell-off was overdone and the shares would benefit from a tactical bounce once the market realized that we were not in the midst of a disruptive “race to the bottom” on pricing.

However, ongoing outperformance will have to stem from comp re-acceleration which does not appear imminent.

No change to the price target of $90.

For an analyst ratings summary and ratings history on Dollar General click here. For more ratings news on Dollar General click here.

Shares of Dollar General closed at $78.66 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments

Related Entities


Add Your Comment