DG - Dollar General's Turnaround Seems Underway CEO Return Brings Stability: These Analysts Look At Q4 Results Outlook | Benzinga
Dollar General Corp (NYSE: DG) shares were climbing Friday, after the company reported upbeat fourth-quarter earnings.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
Telsey Advisory Group On Dollar General
Analyst Joseph Feldman upgraded the rating from Market Perform to Outperform, while lifting the price target from $155 to $170.
The return of Todd Vasos as Dollar General’s CEO has "brought stability to the business, instilled financial discipline, and renewed a sense of urgency to improve and grow,” Feldman said in the upgrade note. The company is taking steps in the right direction, which is reflected in the "two consecutive quarters of positive traffic (+4.0% in 4Q23) and sequential improvement in the trend as 4Q23 progressed,” he added.
"Looking ahead, we believe the ...