KeyBanc Starts Dollar General (DG) at Sector Weight

October 12, 2016 4:18 PM EDT
Get Alerts DG Hot Sheet
Price: $71.00 -0.01%

Rating Summary:
    17 Buy, 16 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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KeyBanc initiated coverage on Dollar General (NYSE: DG) with a Sector Weight rating.

Analyst Bradley B. Thomas said, "We initiate coverage of DG with a Sector Weight rating. We believe DG is positioned for healthy revenue and EPS growth in the long run. However, in the near term DG faces headwinds (food deflation, SNAP restrictions, WMT price investments, potential FDO turnaround) that have only recently set in. Valuation takes this into consideration, but we think consensus estimates may still need to move down. We look for an opportunity to get more positive on further weakness in shares, particularly considering DG’s historic insulation through economically softer periods."

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 $68.70 yesterday.

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