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Sell Dollar General, J.P. Morgan Says.

03:35pm, Wednesday, 20'th Sep 2023
Analyst Matthew Boss downgraded shares of Dollar General to Underweight from Neutral.
Dollar General (DG) shares are down in the pre-market trading session after JP Morgan analysts cut its rating from "Neutral" to "Underweight." Income worries, retail shrink, and consumers "acting rece
J.P. Morgan Securities downgraded Dollar General Corp (NYSE:DG) to "market perform" from "outperform" earlier, and lowered its price objective to a Street low of $116 from $132.
The circumstances around JPMorgan's downgrade of Dollar General (DG) appear "highly unusual," CNBC's Jim Cramer said Wednesday.
Here are some of the tickers on my radar for Wednesday, Sept. 20, taken directly from my reporter's notebook.
Dollar General CFO Kelly Dilts and Director of Investor Relations Marianne Denenberg travelled to London for a JPMorgan conference, and got a downgrade by the bank to its worst rating in response.
Dollar General's same-store sales were roughly flat in the second quarter. The discount retailer's earnings per share dropped a painful 28.5% year over year.
Shares of Steelcase Inc. SCS gained 3% after the office-furniture maker called for “significantly improved” profit as more companies order their employees back to the office.
Shares of Dollar General Corp. and its smaller rival Dollar Tree Inc. were lower Tuesday in a continuation of the trend seen since they reported weaker-than-expected second-quarter earnings.

1 Bargain Dividend Stock to Buy on the Dip

09:30am, Sunday, 17'th Sep 2023
Dollar General missed analysts' estimates in the most recent quarter. Its history of rising revenue and profits has helped it pay increasing dividends.
Dollar General Corporation's recent performance raises questions around the sustainability of dollar stores. Many companies get bundled in this category, but are they really that similar? We go over 5
Dollar General has reduced its guidance multiple times this year. The company's operating profit fell by 24% last quarter.
After a slew of downgrades, discount chain Dollar General is roundly disliked on Wall Street. But if the market is truly efficient, Dollar General's problems should already be priced into the stock.
Last week, shares of the discount retailer fell to their lowest level since May 2019 following a dreadful second quarter earnings report. Like a bottle of generic bleach, the move erased all of the st
Dollar General is focused on offering consumers bargain prices on everyday goods. The company's consumables products sold well in the second quarter, but more discretionary items were weak.
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