UBS Reiterates Buy Rating on Dollar General (DG) as 'Pessimism Has Created an Opportunity'

UBS analyst Michael Lasser reiterated a Buy rating and $168.00 price target on Dollar General (NYSE: DG).

The analyst commented, "While the market's sentiment on the dollar stores is cautious, this pessimism has created an opportunity with DG shares, in our view. Dollar General has exhibited progressive improvements over the course of the last year. But, any enthusiasm for the progress has proven to be fleeting. A signal that DG's comp slowed to start the current quarter resulted in a dwindling of the equity market's "trust bank" for the stock. Now, the company can refill this reservoir of interest in the shares."

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 $103.61 yesterday.

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