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Dollar General price target raised to $125 from $100 at Raymond James

Raymond James raised the firm’s price target on Dollar General (DG) to $125 from $100 and keeps an Outperform rating on the shares. Dollar General delivered a better-than-expected quarter, with comps, gross margin, and EPS all exceeding expectations, marking the second consecutive quarter of operational upside and improving execution across key initiatives, the analyst tells investors in a research note. While there is still work left on Dollar General’s turnaround to return operating performance to historical standards, the margin expansion opportunity remains underappreciated by the market, the firm argues.

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