Sentiment trends around Dollar General are improving, says Goldman Sachs.
Goldman Sachs is staying bullish on Dollar General as spending trends of lower-income consumers and increasingly come into focus. Analysts led by Kate McShane reiterated her buy rating on the discount retailer in a note on Monday. Goldman argues that consumer sentiment toward the company, and cash flow trends inside Dollar General, are improving.
"Our thesis is predicated on DG's strategic position of selling consumables to low-income consumers in predominately rural areas with limited nearby alternatives, which should be a traffic driver as consumers focus on value," McShane wrote in the note. DG YTD mountain Dollar General shares in 2024. McShane has a $169 price target on shares, implying approximately 44% upside potential for the shares.
Wall Street Business Markets Stock Markets Dollar General Corp Goldman Sachs Group Inc Business News
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Trading on Sentiment: Using IG Client Sentiment DataIG Client Sentiment shows where traders are positioned in the markets. Learn how to use IG CS to spot opportunities based on trader positioning and sentiment.
Baca lebih lajut »
US Dollar ticks down as market sentiment improves ahead of the FedThe USD lost momentum on Tuesday although it remains above previous resistance levels.
Baca lebih lajut »
Australian Dollar appreciates due to hawkish sentiment surrounding RBAThe Australian Dollar (AUD) extends its gains against the US Dollar (USD) for the second session on Monday.
Baca lebih lajut »
AUD Technical Analysis: Aussie Dollar Takes a Hit on Weaker Market SentimentThe Australian dollar remains fragile as markets pivot away from high-beta, riskier currencies in favour of safe havens like the Japanese yen and Swiss franc
Baca lebih lajut »
US Dollar Index hovers around 104.50 with a risk-off sentimentThe US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six other major currencies, moves sideways and trades around 104.50 during the early European hours on Wednesday.
Baca lebih lajut »
US Dollar Index jumps to near 104.30 US political uncertainty dampens market sentimentThe US Dollar (DXY), which tracks the Greenback’s value against six major currencies, extends its upside to near 104.30 in Friday’s European session after a sharp recovery from an almost four-month low of 103.65 this week.
Baca lebih lajut »