Truist raised the firm’s price target on Dollar General to $125 from $117 and keeps a Hold rating on the shares after meeting with its management. The company looks to be moving with urgency to improve operations on multiple fronts, including stores, labor, and shrink, and given its long track record of favorable/consistent performance, Dollar General’s financial results should improve over time, the analyst tells investors in a research note. Truist warns however that most of the company’s margin pressures and investments seen in FY23 will carry into FY24.
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