Deutsche Bank Starts Dollar General (DG) at Hold; Advantages in Macro Backdrop, But Shares Seem Range Bound

Deutsche Bank initiates coverage on Dollar General (NYSE: DG) with a Hold. PT $38.00.

Deutsche analyst says, "DG sits on the Defensive/Low Beta side of our Double Barbell Investment Strategy, in a similar position to competitor Family Dollar (NYSE: FDO) (Hold, $53 PT). While we believe the dollar store space has structural advantages in today's competitive macro backdrop, we expect the stock to be range bound after its recent 12% move since posting 2Q11 results on August 30th."

For more ratings news on Dollar General click here and for the rating history of Dollar General click here.

Shares of Dollar General closed at $37.65 yesterday.

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