Telsey Advisory raised the firm’s price target on Dollar General to $155 from $135 and keeps a Market Perform rating on the shares ahead of the company’s upcoming Q4 earnings report. The firm expects a continued sequential improvement at Dollar General in Q4 and 2024 and is now applying a higher price-to-earnings multiple to reflect recent market trends and a potential return to growth in late 2024 to its “above-consensus” 2024 EPS estimate of $7.79, the analyst tells investors in a preview.
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