Morgan Stanley Upgrades Dollar Gen to Overweight, Raises Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has upgraded Dollar General (NYSE:DG) from Equal-Weight to Overweight and increased the price target from $130 to $160. This upgrade reflects a positive outlook on the company's stock, suggesting potential for outperformance in the market.
January 16, 2024 | 10:50 am
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Dollar General's stock rating has been upgraded by Morgan Stanley from Equal-Weight to Overweight, with a price target increase from $130 to $160, indicating a bullish outlook on the stock.
The upgrade by a prominent analyst from a major financial institution like Morgan Stanley can have a significant positive impact on investor sentiment. The increase in price target suggests that the analyst sees substantial upside potential for Dollar General's stock, which could lead to increased investor interest and a potential rise in the stock price in the short term.
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