BMO Capital lowered the firm’s price target on Dollar General to $135 from $175 and keeps a Market Perform rating on the shares. The company’s Q2 results saw a “significant miss”, while its management highlighted incremental headwinds from markdowns, shrink, additional labor cost, and other investments, the analyst tells investors in a research note. The markdowns represent a positive step, even though Dollar General’s messaging remains “slightly perplexing”, the firm added.
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