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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.

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Tech Stocks Crumble As Wall Street’s 5-Week Rally Ends; Bonds Offer Safe Haven As Growth Worries Reemerge: What’s Driving Markets Friday?

Bears knocked on Wall Street’s door again Friday, sending large-cap tech stocks lower despite the Fed’s favorite inflation measure meeting expectations.

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