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  • Why Morgan Stanley Says Dollar General Is A Good Defensive Play
Why Morgan Stanley Says Dollar General Is A Good Defensive Play
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Why Morgan Stanley Says Dollar General Is A Good Defensive Play

By Magenet Magenet 5 days ago


Whilst Greenback Common Corp’s (NYSE:DG) stock has outperformed the industry 12 months-to-day, it has done in-line with other defensive stocks, according to Morgan Stanley.

The Greenback Basic Analyst: Simeon Gutman upgraded Greenback Normal from Equivalent-Weight to Overweight while elevating the rate target from $225 to $250.

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The Greenback Standard Takeaways: The inventory could continue to outperform in a prolonged downturn given the company’s content earnings and valuation upside, Gutman reported in the improve take note.

“Even if the economy would not enter a recession, the business enterprise is an earnings compounder, there are quite a few idiosyncratic catalysts/initiatives, DG’s margin trajectory is much more tough than we appreciated getting into the calendar year, and we foresee a additional tricky upcoming 6-12 months for substantially of Retail provided wallet share shifts,” the analyst reported. “Hence there are various ways for DG to outperform,” he extra.

“DG fits our concept of favoring good quality, defensive stores with offensive characteristics, It is arguably our most defensive, counter-cyclical enterprise,” Gutman more explained.

DG Rate Action: Shares of Greenback Standard experienced declined by .87% to $230.24 at the time of publication Thursday.

Image via Shutterstock.



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