JP Morgan Downgrades Dollar Gen to Underweight, Lowers Price Target to $116
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss has downgraded Dollar General (NYSE:DG) from Neutral to Underweight and lowered the price target from $132 to $116.
September 20, 2023 | 9:20 am
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Dollar General's stock has been downgraded by JP Morgan from Neutral to Underweight, with a reduced price target of $116.
The downgrade from JP Morgan, a major financial institution, is likely to negatively impact investor sentiment towards Dollar General. The reduced price target suggests that the analyst sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100