Raymond James analyst Bobby Griffin raised the firm’s price target on Dollar General (DG) to $130 from $125 and keeps an Outperform rating on the shares. The a better-than-expected quarter, with comps, gross margin and EPS exceeding expectations, “marked another quarter of operational progress,” the analyst tells investors. Improved execution across the enterprise gives the firm confidence that “the foundation for sustainable earnings growth is strengthening,” the analyst added.
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Read More on DG:
- Dollar General price target raised to $134 from $122 at Bernstein
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- Dollar General price target raised to $117 from $115 at Piper Sandler