Goldman Sachs Maintains Buy on Dollar Gen, Lowers Price Target to $122
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kate McShane maintains a Buy rating on Dollar General (NYSE:DG) but lowers the price target from $169 to $122.

August 30, 2024 | 2:05 pm
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Goldman Sachs has maintained its Buy rating on Dollar General but has lowered the price target from $169 to $122, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Dollar General's long-term prospects. However, the significant reduction in the price target from $169 to $122 indicates a more cautious short-term outlook, likely due to market conditions or company performance. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100