Dollar General Corporation (DG) inched a little higher in early trading on Friday after a crushing 32.2% drop on Thursday that took shares below the $100 level for the first time since 2018 and was the largest single-day decline in its trading history.
Telsey Advisory Group lowered Dollar General (DG) to a Market Perform rating from Outperform. Analyst Joe Feldman said the limited visibility into the timing and magnitude of net gains from the retailer’s initiatives are likely to weigh on the share price in the near term. Those initiatives include investing in remodels, expanding fresh products and self-distribution capabilities, and focusing on the company’s Back to Basics plan. Telsey lowered its price target on DG to $103 from $168.
To view the full article, please click on the following link:
Visit Content