RBC downgrades Dollar General citing inflation, decreasing stimulus money

The Crypto Daily - Movers and Shakers - May 5, 2021

Source www.cnbc.com Analyst Scot Ciccarelli downgraded the retailer to sector perform from outperform on Wednesday, saying that a rebounding economy combined with dwindling stimulus funds and rising prices for lower income customers could limit the customer base for the discount store.

The combination of an economy returning to normal and rising prices could squeeze Dollar General’s growth prospects, according to RBC Capital Markets.

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