DG - Dollar General 'A Top-Tier Retail Name' - Bullish Analyst Upgrades Stock | Benzinga
Barclays analyst Seth Sigman upgraded Dollar General Corporation (NYSE: DG) to Overweight from Equal Weight, raising the price target to $154 from $124.
The analyst sees a compelling margin recovery through 2024, along with optionality for sales improvement as a result of operational improvements.
According to Sigman, the upside to the stock mainly lies in improved EPS visibility for 2025.
Much of DG's issues in 2023 stemmed from inventory, which is being addressed.
Per the analyst, DG still had >$1 billion of excess inventory as of Q3, which will be cleaned up by Q1/Q2, particularly if the company continues to ...