Dollar General price target lowered to $245 from $275 at Wells Fargo

Wells Fargo analyst Edward Kelly lowered the firm’s price target on Dollar General to $245 from $275 and keeps an Overweight rating on the shares. The Dollar General story is not as clean as the firm would like and reliant on resolution of execution hiccups, but Wells Fargo is a buyer of what looks to be an improving setup post-Q1 for the high-quality defensive name, the analyst tells investors in a research note.