Dollar General price target raised to $135 from $120 at Loop Capital

Loop Capital analyst Anthony Chukumba raised the firm’s price target on Dollar General to $135 from $120 but keeps a Hold rating on the shares. The company’s “beat and reiterate” Q3 was “encouraging” and runs in stark contrast to the consistent “miss and lowers” of the recently deposed CEO, the analyst tells investors in a research note. The firm adds however that Dollar General remains a “show me story”, particularly given the recent string of earnings disappointments and negative publicity the company has received lately.