UPDATE: Loop Capital Upgrades Dollar General (DG) to Buy

January 26, 2021 5:33 AM EST
Get Alerts DG Hot Sheet
Price: $213.90 --0%

Rating Summary:
    31 Buy, 7 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 8 | New: 32
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(Updated - January 26, 2021 6:48 AM EST)

Loop Capital analyst Anthony Chukumba upgraded Dollar General (NYSE: DG) from Hold to Buy with a price target of $260.00 (from $190.00).

The analyst comments "We are upgrading Dollar General to a Buy from a Hold rating while raising our price target to $260 from $220, implying 26% upside from current levels. We believe Dollar General has several strategic initiatives that will drive improved financial performance in F2021 and beyond, including DG Fresh, the non-consumable initiative ("NCI"), and expanding the rollout of produce and self-checkout. While the company will face difficult YoY comparisons in F2021, we think "comping the comp" may not be quite as tough as it appears, particularly given the ongoing COVID-19 pandemic and related economic downturn and aggressive fiscal stimulus measures. Finally, we believe Dollar General is very attractively priced relative to other large capitalization general merchandise value retailers. Our price target is based on 23.5x our F2021 diluted EPS estimate."

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 $206.57 yesterday.

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