UPDATE: Nomura Raises PT on Dollar General to Reflect Higher Multiple
In a report published Thursday, Nomura analyst Aram Rubinson reiterated a Buy rating on Dollar General (NYSE: DG), and raised the price target from $56.00 to $58.00.
In the report, Nomura noted, “We lift our price target on DG to reflect a slightly higher multiple of 8x our 2015 EBITDA estimate vs 7.8x previously. Reiterate Buy rating on DG.”
Dollar General closed on Wednesday at $54.78.
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