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Fly News Breaks for September 4, 2019
DG
Sep 4, 2019 | 07:09 EDT
Oppenheimer analyst Rupesh Parikh raised his price target for Dollar General to $180 from $150 following quarterly results. The analyst cited accelerating comp momentum with the strongest two-year stacked comp trend in 23 quarters, an inflection point on the gross margin line even with the potential for ongoing tariff headwinds, and continued fairly bullish commentary on a number of key initiatives from Dollar General Fresh to the Non-Consumables reset. Looking forward, Parikh still feels comfortable with the case for outperformance from here, but believes the bulk of 2019 gains are now in. He reiterates an Outperform rating on the shares.
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