Market Overview

UPDATE: Deutsche Bank Reiterates Buy Rating, Lowers PT on Dollar General

Related DG
Credit Suisse's Top 10 Consumer Discretionary Stocks: J M Smucker In, Mondelez Out
Dollar General, Freeport-McMoRan And Others That Insiders Have Been Buying

In a report published Monday, Deutsche Bank reiterated its Buy rating on Dollar General Corp. (NYSE: DG), but lowered its price target from $61.00 to $55.00.

Deutsche Bank noted, “Dollar General has been the victim of a sentiment shift in a space that has endured a rough 5+ months, beaten up on concerns about slowing sales trends (exhibited DLTR, FRED, etc.) and a more competitive environment (WMT being WMT) throughout the Fall. Net, we remain cautiously optimistic on 3Q SSS trends (DB @ 4.0% - below the Street @ 4.6%) and suspect an ‘OK' quarter could provide some relief to investors, despite the stock being a bit crowded. All told, we prefer to stick with DG in the $ store space due to its demonstrated operational aptitude and respectable valuation.”

Dollar General Corp. closed on Friday at $50.00.

Latest Ratings for DG

Aug 2015BarclaysMaintainsEqual-weight
Aug 2015RBC CapitalMaintainsOutperform
Jul 2015CitigroupMaintainsBuy

View More Analyst Ratings for DG
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings


Related Articles (DG)

View Comments and Join the Discussion!

Get Benzinga's Newsletters