Dollar General price target lowered to $120 from $140 at Loop Capital

Loop Capital analyst Anthony Chukumba lowered the firm’s price target on Dollar General to $120 from $140 and keeps a Hold rating on the shares. The company’s decision to bring back Todd Vasos as CEO, while unexpected, is a positive given the company’s poor recent track record and abundant negative publicity, the analyst tells investors in a research note. Loop adds however that Dollar General is not even remotely “out of the woods” yet, particularly given the fact that at least a portion of the company’s missteps began on Mr. Vasos’s watch.