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Fly News Breaks for August 28, 2015
DG
Aug 28, 2015 | 08:03 EDT
Macquarie said Dollar General reported a solid Q2 with slightly softer same-store-sales offset by strengthening margins. The firm is encouraged management reiterated FY16 guidance and now expects same-store-sales at the low end of its 3%-3.5% range, viewing the change as inconsequential. Macquarie would be a buyer of shares and said the company remains well positioned for sustained growth. The firm rates Dollar General an Outperform with a $82 price target on shares.
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