The Ratings Game: Lower-income households ‘are acting recessionary today.’ JPMorgan gives Dollar General its worst rating after company presentation

Dollar General CFO Kelly Dilts and Director of Investor Relations Marianne Denenberg travelled to London for a JPMorgan conference, and got a downgrade by the bank to its worst rating in response.

JPMorgan cut its rating on Dollar General to underweight from neutral and reduced its price target to $116 from $132.

Dollar General stock DG fell…