Dollar General Analysts Increase Their Forecasts Following Upbeat Earnings

Dollar General Corp DG reported better-than-expected third-quarter results on Thursday.

Dollar General reported third-quarter FY23 sales growth of 2.4% year-on-year to $9.69 billion, beating the analyst consensus estimate of $9.65 billion. EPS of $1.26 beat the consensus estimate of $1.19, according to Benzinga Pro.

Dollar General shares fell 1.2% to close at $132.30 on Thursday.

These analysts made changes to their price targets on Dollar General following earnings announcement.

• Telsey Advisory Group raised the price target on Dollar General from $124 to $135. Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating.
• Citigroup increased the price target on Dollar General from $115 to $138. Citigroup analyst Paul Lejuez maintained a Neutral rating.

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