Dollar General added to Analyst Focus List at JPMorgan

JPMorgan analyst Matthew Boss added Dollar General to the firm’s Analyst Focus List as a “growth idea” and keeps an Overweight rating on the name with a $187 price target. The analyst sees a “decade of growth ahead” for the company and views the stock’s risk/reward as favorable at current levels. After meeting with managemewbt, the firm says Dollar General’s new unit openings are performing in line with anticipated new unit economics with no change in store growth plans or the long-term growth opportunity.