Dollar General price target lowered to $140 from $150 at BMO Capital

BMO Capital analyst Kelly Bania lowered the firm’s price target on Dollar General to $140 from $150 and keeps a Market Perform rating on the shares. The company’s Q1 results had “some positives” as earnings and comps beat estimates on strong traffic growth, but the management’s commentary on core strategies and business headwinds may have disappointed investors, and the additional 10-Q disclosures highlight further risks for Dollar General’s timeline of returning to EPS growth of 10% or more, the analyst tells investors in a research note.