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Dollar General (DG) PT Lowered to $140 at BMO Capital

May 31, 2024 8:12 AM EDT
Get Alerts DG Hot Sheet
Price: $123.28 +0.98%

Rating Summary:
    24 Buy, 23 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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BMO Capital analyst Kelly Bania lowered the price target on Dollar General (NYSE: DG) to $140.00 (from $150.00) while maintaining a Market Perform rating.

The analyst commented, "F1Q25 had some positives as EPS and comps beat with strong traffic growth, and F25 EPS guidance was maintained. However, management commentary on core strategies and business headwinds may have disappointed investors, while additional 10-Q disclosures highlight further risks the timeline of returning 10%+ EPS growth.
At current levels, we believe DG's stock could be getting more attractive if and when DG can return to a 10% EPS growth algorithm, but we remain patient given emerging risks. We trim our TP to $140, ~17x our unchanged F25E EPS for now."



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