Bank of America backs off bearish view of Dollar General

• Bank of America Merrill Lynch lifts its rating on Dollar General (NYSE:DG) to Neutral after having the stock lined up with an Underperform rating.
• The investment firm took off its bear call after shares of Dollar General retreated 6% off of a broad retail sell-off related to Wal-Mart's cut in guidance last week.
• Dollar General reported sales growth of 8% in Q2 with comps up 2.8%.