Truist raised the firm’s price target on Dollar General (DG) to $129 from $120 and keeps a Hold rating on the shares. The company’s Q3 sales were in-line with the firm’s comps and sales forecast, but lower shrink, higher markups, and a slight hurricane benefit led to EPS upside, the analyst tells investors in a research note. After a rough 2023-24, sales growth seems to have resumed its historical 2%-3% levels, while lower inventory levels, SKU rationalization and shrink reductions have helped margins exceed expectations, the firm added.
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