Dollar General price target lowered to $130 from $140 at Loop Capital

Loop Capital lowered the firm’s price target on Dollar General to $130 from $140 and keeps a Hold rating on the shares. The firm’s store visits indicated Dollar General continues to make progress in its store level execution, with associate engagement improving and in-stock levels remaining relatively high, but Loop is still “becomingly increasingly pessimistic” about Dollar General’s near-term prospects given growing macroeconomic pressure on the company’s core low-income customer, the analyst tells investors in a research note.