BMO Capital analyst Kelly Bania lowered the firm’s price target on Dollar General to $255 from $265 and keeps a Market Perform rating on the shares. The analyst cites the company’s "rare miss" in cutting her price target but also expects the factors weighing on performance in the second half of the year to be "transitory and recaptured next year". Bania maintains her view that Dollar General clearly continues to capture wallet share with the price-sensitive consumer, which should support continued traffic momentum.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on DG:
- Dollar General price target lowered to $276 from $293 at Deutsche Bank
- Unusually active option classes on open December 1st
- Dollar General Slips After Mixed Q3 Results
- Dollar General sees FY22 CapEx $1.5B vs. prior view $1.4B-$1.5B
- Dollar General cites ‘inefficiencies’ in internal supply chain for FY guidance