Dollar General (DG) PT Lowered to $76 at Truist Securities

Truist Securities analyst Scot Ciccarelli lowered the price target on Dollar General (NYSE: DG) to $76.00 (from $83.00) while maintaining a Hold rating.

The analyst comments "4Q sales were similar to our forecasts, EPS modestly above, but CY25 guide below. The company’s new LT algo also recognizes that margins should remain pressured beyond ‘25. Mgmt noted that the co’s core, lower-income consumers are sometimes only able to afford essentials AND that trade down activity has broadly picked up in 1Q25. The bearish sentiment around DG coming into the print and what could be a weakening economy (where DG/dollar stores have historically performed well), has pushed DG higher (+7% at publication). Nevertheless, with intensifying competition magnifying consumer pressures, we remain Neutral on DG; PT to $76 from $83."

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