Market Overview

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

Related DG
More Retailers Report Earnings As Holiday Shopping Gets Underway
Benzinga's Top Upgrades
Steven Cohen Hikes Stake in Microsoft by More Than 50,000% (GuruFocus)

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

Nov 2015BB&T CapitalUpgradesHoldBuy
Nov 2015Wolfe ResearchDowngradesPeer perform
Nov 2015Piper JaffrayMaintainsOverweight

View More Analyst Ratings for DG
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings


Related Articles (DG)

Get Benzinga's Newsletters