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Fly News Breaks for August 30, 2019
DLTR, DG
Aug 30, 2019 | 09:24 EDT
Loop Capital analyst Anthony Chukumba raised his price target on Dollar General (DG) to $175 after its Q2 results, saying the "beat and raise" quarter featured "robust" same store sales growth and operating expansion in the company's self-proclaimed "investment year". The analyst contends that the company's strategic initiatives are paying dividends sooner and at a higher than expected rate, which is a "start contrast" to the struggles at Dollar Tree (DLTR) to turn around its Family Dollar business.
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