Citi lowered the firm’s price target on Dollar General to $146 from $185 and keeps a Neutral rating on the shares. The Q2 report is another score for the bears on the stock, the analyst tells investors in a research note. Consumer demand has weakened beyond management expectations, and the company is taking markdowns to clear non-consumable inventory and investing more in store labor, the analyst tells investors in a research note. The firm believes Dollar General’s fiscal 2024 earnings growth will still likely be muted.
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