- The shares of Dollar General Corp. (NYSE: DG) have received a $228 price target from Truist. These are the details.
The shares of Dollar General Corp. (NYSE: DG) have received a $228 price target from Truist. And Truist analyst Scot Ciccarelli initiated coverage of Dollar General with a “Hold” rating.
Ciccarelli noted that the current inflationary environment is likely to increase pressure on the spending power of Dollar General’s core low-to-middle income customer base given that inflation is now outpacing wage growth.
Going forward, Ciccarelli pointed out that competitors like Walmart may chase market share rather than passing on rising input prices and pressure Dollar General’s sales and/or margins.
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