Dollar General Corporation (NYSE:DG), Amazon.com, Inc. (NASDAQ:AMZN) - 6 Reasons Dollar General Isn't Worth Buying Right Now
Share: Dollar General Corp. (NYSE: DG) shares traded lower by 3% on Monday following a downgrade. The Analyst: Bank of America analyst Robert Ohmes downgraded Dollar General from Neutral to Underperform and cut his price target from $225 to $190. The Thesis: In the note, Ohmes listed six reasons he is now bearish on the discount retailer: Dollar General sales have historically been negatively correlated to gasoline prices, which have been on the rise heading into summer travel season. The company is facing difficult year-over-year pandemic comps at the same time grocery stores are returnin...