- The shares of Dollar General Corp. (NYSE: DG) have received a price target increase from $226 to $231 by Deutsche Bank. These are the details.
The shares of Dollar General Corp. (NYSE: DG) have received a price target increase from $226 to $231 by Deutsche Bank. And Deutsche Bank analyst Paul Trussell is maintaining a “Buy” rating on the company shares.
Trussell pointed out that while Dollar General had delivered an impressive beat for the quarter, the guidance was less than expected as the outlook raised only in line with the first quarter beat rather than demonstrating a better view of the remainder of the year. However, Trussell also noted that the company is delivering “top-shelf execution.”
In the case of the guidance, Trussell believes that the forecast will prove to be conservative since the company is “executing at a very high level.”
Citi analyst Paul Lejuez also recently increased the price target on Dollar General from $250 to $260 and said that there was a lot to like about the quarterly results.
For the quarter, Dollar General had earned $2.82 a share on revenue of $8.4 billion.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
