Dollar General price target raised to $144 from $129 at Truist

Truist raised the firm’s price target on Dollar General (DG) to $144 from $129 and keeps a Hold rating on the shares as part of a broader research note on Hardlines/Broadlines consumer names. The firm is citing its latest Truist Card reads and ICR holiday updates in adjusting its sales and earnings estimates, though it also believes that a significant increase in tax refunds will likely boost sales across the retail space in what are typically seasonally softer months, the analyst tells investors in a research note. For the company, sales trends have continued to exceed prior expectations throughout Q4 and represent a roughly 200bps acceleration from comp trend, the firm added.