Dollar General price target lowered to $80 from $90 at Wells Fargo

Wells Fargo lowered the firm’s price target on Dollar General (DG) to $80 from $90 and keeps an Equal Weight rating on the shares. Dollar General’s Q3 was choppy, with hurricanes that prevented an EPS beat and resulted in a lower FY outlook, the analyst tells investors in a research note. Nothing has changed fundamentally, as the firm’s deep foundational concerns remain and unimpressive comps continue to point to competitive issues and needed investment, Wells says.