BofA lowered the firm’s price target on Dollar General to $105 from $130 and keeps an Underperform rating on the shares. The firm lowered its multiple applied to Dollar General estimates given softening sales trends and expense deleverage risks, the analyst tells investors in a note recapping credit and debit card data through September 17 for the food and discount retail group.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DG:
- Dollar Tree Stock (NASDAQ:DLTR): History Might Not Repeat Itself, and That’s a Problem
- Dollar General participates in a conference call hosted by Telsey Advisory
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Dollar General initiated with a Reduce at HSBC
- Pinterest upgraded, Dollar General downgraded: Wall Street’s top analyst calls