Dollar General price target lowered to $76 from $83 at Truist

Truist analyst Scot Ciccarelli lowered the firm’s price target on Dollar General (DG) to $76 from $83 and keeps a Hold rating on the shares. Dollar General reported Q4 sales similar to the firm’s forecasts, and while EPS was modestly above, guidance for calendar 2025 was below expectations, with management noting that the company’s core, lower-income customers are “sometimes only able to afford essentials and that trade down activity has broadly picked up in 1Q25,” the analyst tells investors in a research note. The firm thinks Walmart’s (WMT) intense focus on value and prices, expansion of convenience/ delivery options and expansion of smaller package sizes have intensified the competitive pressures on Dollar General.