Morgan Stanley Downgrades Dollar Gen to Equal-Weight, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Dollar General (NYSE:DG) from Overweight to Equal-Weight and reduced its price target from $170 to $100.
August 30, 2024 | 9:23 am
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Morgan Stanley has downgraded Dollar General from Overweight to Equal-Weight and significantly lowered its price target from $170 to $100.
The downgrade from Overweight to Equal-Weight by Morgan Stanley suggests a less optimistic outlook on Dollar General's stock performance. The significant reduction in the price target from $170 to $100 indicates potential challenges or lower expected growth, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100