JP Morgan Maintains Neutral on Dollar General Amid BRICS De-Dollarization Pressures
JP Morgan held its neutral rating on Dollar General shares despite a projected 21.91% upside potential, with analysts setting a one-year price target range of $80.80 to $145.95. The retailer's annual revenue is expected to grow 6.75% to $44.46 billion, though non-GAAP EPS may dip 2.13%. Institutional ownership ROSE 7.75%, while Capital International Investors slashed its position by 55.33%—a notable exit in recent months.
Meanwhile, BRICS nations' accelerating de-dollarization efforts are reshaping global currency dynamics. The dollar's weakening dominance creates Ripple effects across markets, forcing investors to reconsider traditional hedges. Dollar General's stock performance now intersects with macroeconomic shifts as traders display bullish sentiment, evidenced by a 0.90 put/call ratio.
