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Benzinga
88 days

Dollar General Set For Q1: Analyst Sees Trade-In Momentum, Margin Recovery, Strong Price Gaps Over Rivals

1. BofA Securities raised DG's price target from $100 to $115. 2. Analyst projects Q1 adjusted EPS of $1.40, with 1% sales rise. 3. Real-time sales data indicates potential upside for Dollar General. 4. Profit gains may be offset by remodeling and labor costs. 5. Digital expansion and store closures at rivals could benefit DG.

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FAQ

Why Bullish?

The price target increase from BofA indicates strong analyst confidence, historically correlating with share price increases.

How important is it?

Analyst upgrades tend to influence stock prices significantly, particularly with revisions of expectations.

Why Short Term?

Upcoming Q1 earnings on June 3 could lead to immediate investor reactions based on results.

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