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Fly News Breaks for March 15, 2018
DG
Mar 15, 2018 | 12:37 EDT
Loop Capital analyst Anthony Chukumba raised his price target for Dollar General to $97 following the company's Q4 results but keeps a Hold rating on the name. The better than expected earnings guidance for 2018 is largely a function of management front-loading investments, thus allowing for more of the Tax Cuts and Jobs Act tax savings to flow to the bottom line, Chukumba tells investors in a research note. He believes current valuation levels reflect his "increasingly bullish fundamental outlook."
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