Bulls Praise Dollar General's Q3 Earnings
Dollar General Corp. (NYSE: DG) reported Thursday third-quarter results which were well interpreted by two analysts. KeyBanc Capital Markets analyst Bradley Thomas maintains an Overweight rating on Dollar General with a $180 price target. Dollar General reported an EPS beat of $1.42 in the quarter due to stronger than expected sales and a lower than expected tax rate, Thomas wrote in a note. Looking forward Dollar General's "wealth of initiatives," including a focus on DG Fresh, DG Go!, and Fast Track represent catalysts that can spur growth or emphasize the retailer's defensiveness nature.