Dollar General Shines In Challenging Economy: Analyst Highlights Bright Future
Portfolio Pulse from Shivani Kumaresan
Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on Dollar General Corp (NYSE:DG) with a price target of $242. The analyst forecasts 1Q23 EPS of $2.42 and anticipates total sales growth of 9% to $9.5 billion. Dollar General is expected to benefit from strength in consumables, high inflation, and strategic initiatives such as DG Fresh and NCI.
May 30, 2023 | 4:56 pm
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Dollar General Corp (NYSE:DG) receives an Outperform rating from Telsey Advisory Group analyst with a price target of $242. The company is expected to benefit from strength in consumables, high inflation, and strategic initiatives.
The analyst's Outperform rating and higher price target indicate a positive outlook for Dollar General. The company is expected to benefit from strength in consumables, high inflation, and strategic initiatives such as DG Fresh and NCI, which should drive sales growth and improve its market position. This positive outlook is likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100