Atlantic Equities Downgrades Dollar General (DG) to Neutral
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Dollar General (DG) Has Lost its 'Mojo', Street Watchdog Research Says; Sets $65 PT
August 31, 2016 7:34 AM EDTStreet Watchdog Research sees further downside in Dollar General (NYSE: DG) and set a $65 price target, or 14% below Tuesday's close.
The firm argues Dollar General has lost its "mojo" and sees the stock falling further, citing the following 8 reasons:
1. The companys quarterly revenue growth rate was slower this quarter than in any of the prior 6 quarters (see below):
- In 2014-Q4, quarterly revenues grew by 9.90% over the same period of the prior year (QOQ) - In 2015-Q1, quarterly revenues grew by 8.77% QOQ - In 2015-Q2, quarterly revenues grew by 7.87%... More
