Dollar General price target raised to $155 from $125 at Wells Fargo

Wells Fargo raised the firm’s price target on Dollar General to $155 from $125 and keeps an Equal Weight rating on the shares. Comparable store trends suggest traction in “Back to Basics,” but the debate around 2025 earnings power will likely continue, and management’s focus on returning to the 10%+ EPS algorithm rather than the endorsement of a sharper margin recovery is less compelling, the analyst tells investors in a research note.