Dollar General stock rose 5.07% despite layoffs and price target cut

From StockTwits: 2025-01-22 04:48:10

Sentiment on Stocktwits shifted from ‘extremely bearish’ to ‘neutral’ as Dollar General’s stock rose 5.07% amid layoffs affecting 60 employees at the company’s Tennessee headquarters. The restructuring is expected to streamline operations and support customer service. Morgan Stanley lowered Dollar General’s price target to $80 from $100, citing ‘Equal Weight’ rating and preference for companies investing in retail tech. Dollar General operates 20,523 stores in the U.S. and Mexico, reporting earnings per share of $0.89 in its last quarter. The stock is down 46% year-to-date. Sentiment on Stocktwits is now ‘neutral’ with message volumes returning to ‘normal’.



Read more at StockTwits: Dollar General Stock In Focus Amid Reports Of Layoffs, Price Target Cut: Retail’s Cautious