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Wells Fargo owns Dollar General Corporation (NYSE: DG) closed as a Signature Pick and the seller is seen as a defensive stock that remains well positioned to look behind weak buyers/
“DG is being weak for fear of disappointing the guidance of 2023. Despite the company’s statement that it should put the initial part under the contract, we see a special change to make / beat in a very difficult year and it is the buyers,” said analyst Edward Kelly.
Notably, Fadem and the team think that investor concerns growing around the SNAP cuts have been sustained and that below-consensus guidance from traders has already been bought.
Heading into the Q4 earnings report in March, Dollar General ( DG ) has seen EPS of 20 straight from analysts due largely to a holiday accounting for transportation and pricing.
Wells Fargo has an overweight rating on Dollar General (DG) with a price target of $275.
See how Dollar General compares to Dollar General in terms of growth, profitability, and depreciation.
