Wells lifts Dollar General target 15%

//Wells lifts Dollar General target 15%

Wells lifts Dollar General target 15%

This post was originally published on this site

Also: Stephens cuts CapStar rating

authors Geert De Lombaerde

The bullishness about Dollar General shows no sign of fading just yet. A week after analysts at Oppenheimer and Citigroup said they think shares of the discount retailer can reach $112 in the next year, veteran researcher Ed Kelly at Wells Fargo topped them Tuesday by lifting his target to $117 from about $102.

Kelly’s call — he also upgraded Dollar General to ‘outperform’ from ‘market perform’ — is the latest in a series of notes from Wall Street and beyond touting the company’s sales growth prospects. Investors noticed a while ago, though: Dollar General shares (Ticker: DG) are up 40 percent since Labor Day.

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Over at Stephens, analyst Tyler Stafford on Tuesday morning downgraded CapStar Financial to ‘underweight’ from ‘equalweight,’ saying its legal fight with 10 percent investor Gaylon Lawrence could hurt the stock if the billionaire is forced to divest his stake.

In downgrading downtown-based CapStar — along with tweaking his price target to $18 from $19 — Stafford also said CapStar’s profitability is below that of its peers and called its performance as a public company “less than stellar.”

The call took some wind out of the sails of CapStar shares (Ticker: CSTR), which have climbed to $21 from $17 since September. On Tuesday, they slipped 2.3 percent to $21.12.

2018-01-25T16:05:31+00:00
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