Dollar General downgraded to Sector Perform from Outperform at RBC Capital

theflyonthewall.com

RBC Capital downgraded Dollar General (DG) and Family Dollar (FDO) to Sector Perform to reflect an increased promotional environment, tobacco competition, less profitable sales mix, impact from rising payroll taxes, and lower government subsidies. The firm lowered Dollar General's price target to $49 from $54 and Family Dollar's to $63 from $67.

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