JPMorgan raised the firm’s price target on Dollar General to $120 from $108 and keeps an Underweight rating on the shares. The analyst sees the cumulative combination of the cost-of-living adjustment , gas prices, tax refunds and student loans providing a $70B lift year-over-year to consumer spending in 2024.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DG:
- Shein’s U.S. IPO Dreams Hit China’s Data Security Wall
- Boeing downgraded, Target upgraded: Wall Street’s top analyst calls
- Dollar General upgraded to Overweight from Equal Weight at Morgan Stanley
- The hardlines and grocery retail stocks to own in 2024, according to UBS
- Early notable gainers among liquid option names on January 4th
