Dollar General price target raised to $160 from $130 at BMO Capital

BMO Capital analyst Kelly Bania raised the firm’s price target on Dollar General to $160 from $130 and keeps a Market Perform rating on the shares. The company’s Q4 results topped estimates on better comps, though its initial FY25 guidance missed consensus despite stronger-than-expected comp guide, the analyst tells investors in a research note. Dollar General should return to its status as best-in-class executer, but there is also risk that the reversal of some prior initiatives such as shelf-checkout may limit an outsized margin rebound, the firm added.