Morgan Stanley raised the firm’s price target on Dollar General to $170 from $160 and keeps an Overweight rating on the shares. Following the quarterly report, the firm is raising its FY24 and FY25 EPS estimates by about 2% and 1%, respectively, and notes that its revised target is based on 20 times its FY25 EPS estimate of $8.50.
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- Dollar General expects to execute 2,385 real estate projects in 2024
- Dollar General sees FY24 EPS $6.80-$7.55, consensus $7.55
