BMO Capital raised the firm’s price target on Dollar General (DG) to $130 from $115 and keeps a Market Perform rating on the shares. The company’s Q3 results were strong, supported by stable traffic trends and slightly improving market share trends in consumables, the analyst tells investors in a research note. BMO is raising its estimates flowing through favorable SG&A and conservatively forecast high-single-digit EPS growth, the firm added.
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