UPDATE: Wedbush Raises PT on Dollar General to $60

Wedbush reiterates an Overweight rating on Dollar General

and raises its price target from $56 to $60. Wedbush remarks, “We attended the company's Investor Day event in Nashville hosted by Rick Dreiling (CEO), David Tehle (CFO), and other members of the management team. The company's presentation, entitled “Opening New Doors”, reflects the abundance of store growth opportunities, yet the discussion was more focused on strategic opportunities beyond square footage growth.” Dollar General closed at $54.95 on Tuesday.