Dollar General (DG) PT Rises To $125 On Guggenhiem As The Company Invests For Growth

Guggenheim analyst, John Heinbockel, reiterated his Buy rating on shares of Dollar General (NYSE: DG) and raised his price target to $125.00 (from $115.00) following 4Q earnings on the belief that the company is investing from top-line strength to bolster its secular growth potential in a fluid operating environment.

The analyst stated "Many of its peers are doing so more reactively. As a result, we believe investors should have greater confidence in an above average secular growth algorithm—6-8% sales, 5-7% EBIT, and 8-10% EPS. After last week’s sell-off (-6% vs. S&P500 +3%), DG’s shares look even more compelling versus its large-cap peers".

For an analyst ratings summary and ratings history on Dollar General click here. For more ratings news on Dollar General click here.

Shares of Dollar General closed at $115.14 yesterday.

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