Guggenheim raised the firm’s price target on Dollar General (DG) to $165 from $140 and keeps a Buy rating on the shares. The recent, pronounced step-up in top-line momentum, though “potentially unsustainable,” may be shifting the narrative to an early stage “duration” turnaround from a shrink-driven, tactical margin recovery, the analyst tells investors.
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Read More on DG:
- Rothschild downgrades Dollar General to Sell on valuation
- Dollar General downgraded to Sell from Neutral at Rothschild & Co Redburn
- Dollar General price target raised to $168 from $143 at UBS
- Dollar General appoints David Rowland as new chairman
- Dollar General price target raised to $145 from $143 at Evercore ISI
