DG - Dollar General Navigating Choppy Waters but Not Sinking Yet Says Analyst | Benzinga
Raymond James analyst Bobby Griffin downgraded the stock of Dollar General Corp (NYSE: DG) from Strong Buy to Outperform and lowered the price target from $200 to $160.
The analyst said that the slashed price target reflects a lower near-term earnings outlook through margin pressure and consumer weakness.
The company reported second-quarter FY23 sales growth of 3.9% year-on-year to $9.80 billion, missing the analyst consensus of $9.92 billion.
It lowered the FY23 EPS outlook to $7.10 - $8.30 and that of sales growth to 1.3% - 3.3%.
Comp sales trends remained negative in F3Q QTD, primarily ...