Citi lowered the firm’s price target on Dollar General to $115 from $146 and keeps a Neutral rating on the shares following news that Todd Vasos would be stepping back into the CEO role effective immediately. While many of the company’s issues surfaced shortly after Jeff Owen took over the CEO role, many of these challenges had their origins while Vasos was CEO, the analyst tells investors in a research note. Citi does not believe there is a simple fix for Dollar General. It cut estimates on lower comp and margin assumptions. The firm thinks it is inevitable that Dollar Genera will have to cut store growth significantly to address the issues in its existing store fleet
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