Wells Fargo analyst Edward Kelly raised the firm’s price target on Dollar General (DG) to $105 from $80 and keeps an Equal Weight rating on the shares. The firm says the company delivered an encouraging Q1 beat, with momentum inflecting after a long run of weakness. A modest guide raise suggests 2025 now conservative and helps near-term setup, but Dollar General’s return to compounder status should still be debated, Wells adds. The firm sees risk/reward as balanced.
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