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Fly News Breaks for February 27, 2020
Feb 27, 2020 | 16:29 EDT
Jefferies analyst Christopher Mandeville upgraded Dollar General (DG) to Buy from Hold with a price target of $190, up from $169. The company's strategic initiatives set stage for accelerated EBIT growth with fiscal 2021 "showing notable upside," Mandeville tells investors in a research note. The analyst sees EBIT upside relative to fiscal 2020 and 2021 consensus estimates and "sustainable" over 3% comps. His traffic analysis argues in favor of Dollar General taking share from Dollar Tree (DLTR) and Family Dollar.
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