Altria, Wendy’s, Dollar General & more


Patrick T. Fallon | Bloomberg | Getty Images

Here are the biggest calls on Wall Street on Tuesday:

Bernstein downgraded Dollar General to ‘market perform’ from ‘outperform’

Bernstein said it sees sales and earnings growth as “less certain” than the past.

“The most obvious reason to stay bullish is DG‘s defensive nature. In a recession, they should do well and hold up when the market collapses. But, we have been terrible at market level calls having been bearish before bearishness was cool. Thus, we cannot in good conscience advocate buying or adding to DG at this level. We do understand and advocate holding DG through any downcycle, but we think a better choice for defensiveness is DLTR.”


WeWork IPO full speed ahead roadshow to kick off Monday

Previous article

Analysts are skeptical about Wendy’s nationwide breakfast; stock sinks 10%

Next article

You may also like

Leave a Reply

Notify of

More in Investing