Wall Street Analysts are Downgrading These 5 Stocks

3. Dollar General Corporation (NYSE:DG)

Number of Hedge Fund Holders: 53

Dollar General Corporation (NYSE:DG) received a downgrade from BMO Capital on Monday, August 15, 2022. The research firm cut its ratings for the discount retail stores operator from “Outperform” to “Market Perform.”

BMO Capital analyst Kelly Bania believes the company’s valuation is near its peak levels. She added that more discounts from rivals could also hurt the growth of Dollar General Corporation (NYSE:DG) to some extent.

Meanwhile, Dollar General Corporation (NYSE:DG) recently faced a setback. The U.S. safety regulators imposed a fine of $1.3 million on the company over worker safety violations. The penalty was imposed after the federal inspectors visited Dollar General’s locations in Georgia earlier this year.