Markets & Finance

Prudential: 'Sell' Dollar General

Prudential downgraded Dollar General (DG) to sell from hold.

Analyst Wayne Hood says he downgraded in light of the company's announcement that it will delay its 10-K filing. He says there's been some talk about fraudulent activity, and says the company plans to restate the last three years' earnings. He could see the stock down as low as $13-$15.

Hood would sell Dollar General into weakness, and recommends a swap into Family Dollar (FD), which he rates strong buy. Even if Dollar General comes back, Hood believes it will be dead money.

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