On Dec 06, major Wall Street analysts update their ratings for $Dollar General (DG.US)$, with price targets ranging from $80 to $102.
Morgan Stanley analyst Simeon Gutman maintains with a hold rating, and maintains the target price at $100.
BofA Securities analyst Robert Ohmes upgrades to a buy rating.
Barclays analyst Seth Sigman maintains with a buy rating, and maintains the target price at $102.
Wells Fargo analyst Edward Kelly maintains with a hold rating, and adjusts the target price from $130 to $80.
Truist Financial analyst Scot Ciccarelli maintains with a hold rating, and maintains the target price at $83.
Furthermore, according to the comprehensive report, the opinions of $Dollar General (DG.US)$'s main analysts recently are as follows:
The sequential improvement in top-line performance expected in FY24 is anticipated to be driven by management's strategic initiatives, focusing on in-stocks, store standards, enhancing customer service, and emphasizing value to customers through signage. Nevertheless, the company might face margin pressures when compared to 2019 due to factors such as shrink, the consumables mix, markdowns, and transportation costs.
Dollar General's Q3 performance was hampered by hurricanes that prevented an EPS beat, leading to a lowered forecast for the full year. Despite these events, no fundamental changes were reported. Persistent concerns about the company's foundation and lackluster comparable sales continue to highlight competitive challenges and the need for further investment.
Here are the latest investment ratings and price targets for $Dollar General (DG.US)$ from 7 analysts:
Note:
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