Dollar General price target raised to $150 from $135 at Loop Capital

Loop Capital analyst Anthony Chukumba raised the firm’s price target on Dollar General to $150 from $135 and keeps a Hold rating on the shares. The company’s Q4 results were better than we expected, and the firm was particularly encouraged to see Dollar General return to same-store sales growth following two straight quarters of declines, the analyst tells investors in a research note. Loop adds however that Dollar General’s FY24 earnings are expected to be “very back-half weighted” as its Q1 earnings forecast was “disappointing”.