Dollar General price target lowered to $114 from $144 at Piper Sandler

Piper Sandler lowered the firm’s price target on Dollar General to $114 from $144 and keeps a Neutral rating on the shares. The return of Todd Vasos as CEO is good news for Dollar General, but not a quick fix for a company that appears to be facing numerous headwinds and issues, the analyst tells investors in a research note. Dollar General’s issues appear fixable, and Vasos’ leadership should inspire confidence in both employees and investors, but a meaningful turnaround will likely require more investment in labor and a reassessment of growth initiatives, the firm contends.