From Financial Modeling Prep: 2024-09-27 09:34:00

Dollar General (NYSE:DG) shares dropped 2% pre-market as Citi analysts downgraded the company to Sell from Neutral, setting a new price target of $73, down from $91. The analysts noted Dollar General’s struggles in recent fiscal years, with EBIT margins for 2024 estimated at 4.7%, down from 8.4% in 2019.

Analysts highlighted Walmart as a major competitor, noting its ability to outperform Dollar General in value and convenience. Walmart’s omni-channel delivery options have helped it gain market share, posing a significant challenge for Dollar General. Changes in industry dynamics have negatively impacted Dollar General’s competitive positioning over the last five years.



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