Piper Sandler raised the firm’s price target on Dollar General (DG) to $117 from $115 and keeps a Neutral rating on the shares following a solid Q2 which saw both sales and EPS upside. Dollar General is clearly executing at a higher level compared to recent years as evidenced by the 2.8% comp, outsized gross margin benefits from lower shrink, continued inventory reductions, and a modest mix shift to discretionary goods, the firm says.
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