Dollar General price target lowered to $135 from $140 at Truist

Truist lowered the firm’s price target on Dollar General to $135 from $140 and keeps a Hold rating on the shares. The company’s Q1 results were “solid”, but its second-half loaded year needs some margin benefits to flow through and its long-term margin profile is still a question, the analyst tells investors in a research note. While there have been some views of stabilization for this customer cohort, shopping behaviors of fewer units per basket but more frequent trips for replenishment purposes are historically consistent with a still-stressed customer, the firm added.