Piper Sandler analyst Peter Keith raised the firm’s price target on Dollar General to $288 from $273 and keeps an Overweight rating on the shares. Looking out to 2023, the outlook for consumer spending "appears murky at best" with risk to the downside, Keith tells investors in a research note. As a result, the analyst leans toward "both recession-resilient growth stocks with company specific drivers as well as opportunistic, non-consensus stock ideas with either discounted valuation or idiosyncratic business drivers." His five favorite names entering 2023 are Dollar General (DG), Planet Fitness (PLNT), Yeti (YETI), Driven Brands (DRVN) and Boot Barn (BOOT).
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Published first on TheFly
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