Dollar General Corp.
Short remains cautious on the discount retailer, maintaining an Equal-Weight rating and $70 price target on the stock. Expectations have only increased following Dollar Tree’s earnings report on November 22, implying no change in the two-year trends, according to the analyst, who also cited a divergence in headwinds for the two dollar-store stocks.
Moreover, Dollar General had a number of broad sweeping price reductions, which were likely introduced broadly in Q3, said Short.
At last check, Dollar General shares were down 0.81 percent at $79.41.
|Oct 2016||KeyBanc||Initiates Coverage On||Sector Weight|
|Sep 2016||Barclays||Initiates Coverage on||Equal-Weight|
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