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Fly News Breaks for December 5, 2018
DG
Dec 5, 2018 | 06:55 EDT
Loop Capital analyst Anthony Chukumba sees "no compelling reason to move off of the sidelines" following Dollar General's Q3 results. The analyst reiterates a Hold rating on the shares with a $105 price target. The company posted a "fairly solid" quarter, although the sales flow through to operating profits "was not terribly impressive," Chukumba tells investors in a post-earnings research note. He points out Dollar General's operating margins declined year-over-year once again, which he believes indicates the company's "myriad investments over the past couple of years are not bearing much fruit."
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