Dollar General price target lowered to $230 from $255 at BMO Capital

BMO Capital analyst Kelly Bania lowered the firm’s price target on Dollar General to $230 from $255 and keeps a Market Perform rating on the shares. The company’s Q4 results capped off a "tougher than expected" second half of the year for Dollar General with pressure in temporary warehousing expenses and sales mix-shift, the analyst tells investors in a research note. BMO Capital adds that while expectations have clearly come down since last summer for Dollar General, the company’s traffic is slightly negative and the landscape in discount retail is "rapidly evolving".