Bernstein analyst Zhihan Ma raised the firm’s price target on Dollar General (DG) to $120 from $105 and keeps an Outperform rating on the shares. The firm cites higher comparable sales expectations for Q2-Q4 FY25 and FY26 based on expectations of trade down benefit. Bernstein values Dollar General on a 17-times multiple on FY26 EPS of $7.05. It expands the multiple to account for greater growth expectations and better relative positioning in the macro environment.
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