Deutsche Bank lowered the firm’s price target on Dollar General to $248 from $276 and keeps a Buy rating on the shares. The company lowered estimates for the second quarter in a row, which will likely prompt questions whether it is ceding share to its biggest competitor Walmart, the analyst tells investors in a research note.
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Read More on DG:
- Dollar General price target lowered to $255 from $280 at Raymond James
- Dollar General cuts FY22 EPS growth view to 4.5%-5% from 7%-8%
- Dollar General sees FY23 SSS growth 3%-3.5%
- Dollar General cuts Q4 EPS view to $2.91-$2.96 from $3.15-$3.30, consensus $3.24
- Dollar General call volume above normal and directionally bullish