Dollar General is in a ‘really bad situation,’ and investors should stay away, Jim Cramer says

via cnbc:

JPMorgan on Wednesday lowered its rating on Dollar General to the equivalent of a sell, from hold, and cut its price target to $116 per share, from $132. The downgrade from veteran retail analyst Matthew Boss followed a meeting with Dollar General’s CFO that painted a challenging financial picture of the company’s core low-end consumer.

“They had a fireside chat. They went from hold to sell. Highly unusual,” Cramer said on “Squawk on the Street.” He added later, “I would not own this.”