Jefferies Starts Dollar General (DG) at Hold

Jefferies initiates coverage on Dollar General (NYSE: DG) with a Hold rating and a price target of $56.00.

Analyst Daniel Binder said, "This management team is among the best in retail and DG is a leader in deep discount retail. However, after years of above avg. growth, we have seen moderation in SSS, GM% and operating margin contraction, and a break in the upward ROI trend. Management has exploited many opportunities in recent years, but as competition increases, small unit growth accelerates and traffic moderates, EPS upside and multiple expansion could be limited."

For an analyst ratings summary and ratings history on Dollar General click here. For more ratings news on Dollar General click here.

Shares of Dollar General closed at $57.22 yesterday.

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