Dollar General upgraded to Outperform from Market Perform at Telsey Advisory

Telsey Advisory analyst Joseph Feldman upgraded Dollar General to Outperform from Market Perform with a $170 price target. The analyst says the return of CEO Todd Vasos has “brought stability to the business, instilled financial discipline, and renewed a sense of urgency to improve and grow.” Dollar General’s balanced approach to store growth, plans to expand fresh product and self-distribution capabilities, and the rollout of the back to basics strategy “are steps in the right direction to revive the business,” the analyst tells investors in a research note.