Dollar General price target lowered to $157 from $162 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on Dollar General to $157 from $162 and keeps a Buy rating on the shares ahead of the Q1 report. The analyst acknowledges softer macro data points and increasingly value-seeking behavior, but thinks the recent share price weakness among the retailers is overdone on fears around low-end weakness, especially for dollar stores. The firm continues to observe a rational pricing environment in grocery and says Walmart’s price gaps “remain steady.”