Dollar General price target raised to $120 from $110 at Loop Capital

Loop Capital raised the firm’s price target on Dollar General (DG) to $120 from $110 and keeps a Hold rating on the shares. The firm’s store experience tracker, which gauges the cleanliness/orderliness, merchandise in-stock levels, and store associate engagement of several locations in downtown Chicago and the Manhattan suburbs, shows that store-level execution continues to improve, which has been primarily driven by increased labor hours and a greater emphasis on customer service, the analyst tells investors in a research note.