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Dollar General (DG) Stock Cut to 'Hold' at Jefferies

NEW YORK (TheStreet) -- Dollar General (DG) stock was downgraded to "hold" from "buy" in a note released at Jefferies earlier today.

The firm cut its price target to $96 from $101 on shares of the Goodlettsville, TN-based discount retailer.

The downgrade reflects valuation and a higher risk of competitive pricing threats, Jefferies said.

"Risk reward seems less favorable as we have seen evidence of increased pricing activity from [Walmart (WMT)] and it is still in the early days of its campaign," the firm observed.

Dollar General should...