Dollar General price target raised to $140 from $125 at Truist

Truist raised the firm’s price target on Dollar General to $140 from $125 but keeps a Hold rating on the shares. The firm beat on Q4 earnings, but its margins will remain pressured throughout most of the year, due to mix, shrink, labor costs, as well as higher incentive comp and potentially higher markdown rates, the analyst tells investors in a research note. Dollar General is making needed improvements to its business, but it also faces likelihood of little earnings growth for the year, and the stock is already trading in-line with its historical relative valuation, the firm added.