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Dollar General rallies after OTR Global upgrade to Positive

Shares of Dollar General are moving higher after OTR Global this morning upgraded the shares to Positive from Mixed. The stock in afternoon trading is up 4% to $144.91. The firm’s conversations indicate suppliers are more optimistic about Dollar General’s recovery in fiscal 2024 than 2023 due to inventory alignment and its leadership changes. Suppliers met their February through April expectations for deliveries and better inventory flow along with more staffing contributed to an improvement in managers’ plan attainment during Q1, OTR told investors.

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