Dollar General: Jefferies raises target price
(CercleFinance.com) - Jefferies confirms its 'buy' rating on Dollar General shares, with a target price raised from $155 to $175, the day after the retail group published its Q4 results.
"Traffic is now up for two consecutive quarters (with positive early indications about 1Q), and we believe the early fruits are coming to bear of mgmt's initiatives", the broker says.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.