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Cautious Optimism Surrounds Dollar General’s FY24: Analysts Highlight Strategic Gains Amid Emerging Risks

Truist Securities has reiterated its Hold rating for Dollar General, lowering the price target from $140 to $135. Analyst Scot Ciccarelli notes better-than-expected comparable sales but expects a backend-loaded year, adjusting 2024/2025 estimates to $7.30/$8.05 from $7.35/$8.20. Despite 4% traffic growth, shopping behaviors reflect a stressed customer base.

DG

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Tech, Blue Chip Stocks Drop; Small Caps, Real Estate Rebound As Yields Ease; Solar Industry Shines: What’s Driving Markets Thursday?

Wall Street experienced another decline on Thursday, with major large-cap indices affected by a downturn in the tech and communication services sectors. Investors shifted their focus to market areas that have underperformed compared to tech over the past year, such as small caps, real estate and solar stocks.

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