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Fly News Breaks for August 29, 2019
DLTR, DG
Aug 29, 2019 | 14:39 EDT
Loop Capital analyst Anthony Chukumba reiterated a Buy rating on Dollar General and raised his price target on shares to $175 from $156 following the compnay's Q2 "beat and raise" quarter. The analyst believes Dollar General's "strong" first half results show the company's strategic initiatives are "paying dividends sooner and at a higher rate than management expected," and noted the contrast between Dollar General's strong trends and Dollar Tree's (DLTR) "continued struggles to turn around Family Dollar."
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