Dollar General price target lowered to $155 from $167 at UBS

UBS lowered the firm’s price target on Dollar General to $155 from $167 and keeps a Buy rating on the shares. Estimates ware likely to move lower following Dollar General’s Q2 print, which won’t be a surprise to the market, the analyst tells investors in a research note. The shares are pricing in a continuation of the long-running downward estimate revision cycle and the big question is whether Dollar General is reaching an inflection point, which UBS thinks it will be, as Dollar General will move closer to achieving historic levels of superior execution, having positive ramifications across its in-stocks, sales, and supply chain cost of goods, and the macro environment will become more cooperative.