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Fly News Breaks for June 10, 2015
FDO, DG
Jun 10, 2015 | 06:55 EDT
RBC Capital analyst Scot Ciccarelli upgraded Dollar General (DG) to Outperform saying improving wage trends for lower and middle income consumers, coupled with the eventual conversion of Family Dollar (FDO) to Dollar Tree stores, should provide a sales boost. Ciccarelli raised his price target for Dollar General to $86 from $82. Shares of discount retailer closed yesterday up 58c to $75.92.
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