UPDATE: BofA Securities Downgrades Dollar General (DG) to Underperform

May 24, 2021 6:05 AM EDT
Get Alerts DG Hot Sheet
Price: $239.94 -0.72%

Rating Summary:
    29 Buy, 10 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 9 | New: 24
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(Updated - May 24, 2021 6:41 AM EDT)

BofA Securities analyst Robert Ohmes downgraded Dollar General (NYSE: DG) from Neutral to Underperform with a price target of $190.00 (from $206.00).

The analyst list six reasons for the downgrade:

  1. Higher gas prices and convenience store traffic recovery could pressure stock,
  2. Return of grocery store promos pressures 2021 comps,
  3. Online grocery penetration favors mass players,
  4. Return of Rx growth could drive share away from DG,
  5. DG is poorly positioned for wage pressures, in our view,
  6. DG’s elevated valuation implies room for downside.

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 $205.04 yesterday.

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