Dollar General price target lowered to $157 from $199 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on Dollar General to $157 from $199 and keeps a Buy rating on the shares. In a “very tough retail tape,” Dollar General reported the worst performance thus far with 2Q earnings coming in 14% below consensus and the full-year guidance moving 25% lower at the midpoint, the analyst tells investors in a research note. The company faced further challenges in Q2 and lost market share, which raises questions on the trajectory of its recovery, says the firm.