Dollar General price target lowered to $165 from $213 at Barclays

Barclays analyst Seth Sigman lowered the firm’s price target on Dollar General to $165 from $213 and keeps an Equal Weight rating on the shares after hosting meetings with management. Dollar General’s message continues to highlight macro pressures on sales, but the company also seems to be focused on addressing its recent underperformance through investments in labor and price, the analyst tells investors in a research note. The firm is looking for evidence of progress in Q2 as “that would go a long way in helping reassure the market that the issues are not deeper.”