HSBC Upgrades Dollar Gen to Hold, Announces $102 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Daniela Bretthauer has upgraded Dollar General (NYSE:DG) from 'Reduce' to 'Hold' and set a price target of $102.
October 16, 2023 | 2:11 pm
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NEUTRAL IMPACT
HSBC's upgrade of Dollar General to 'Hold' and a price target of $102 could potentially stabilize the stock in the short term.
The upgrade from 'Reduce' to 'Hold' suggests that HSBC sees less downside risk for Dollar General. The $102 price target indicates where HSBC believes the stock will trade in the near future. This could potentially stabilize the stock in the short term as it provides a level of certainty to investors.
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IMPORTANCE 80
RELEVANCE 100