Nomura Securities Maintains a 'Neutral' on Dollar General (DG); 3Q Review

Nomura Securities maintains a 'Neutral' on Dollar General (NYSE: DG) price target raised from $38 to $42.

Nomura analyst, Aram Rubinson, said, "While the interest line item has been somewhat erratic, we are more confident modeling a quarterly run rate of ~$39m through the first half of next year. DG shared plans to refinance $450m of debt at a savings of ~6% in July 2012. Quarterly interest should therefore decline by another $7m in 2H. We raise our 2011 EPS estimates to reflect Q3 upside. Our ’12 and ’13 estimates are $0.10 higher at $2.70 and $3.00, respectively."

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 $39.47 yesterday.

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