UPDATE: BMO Capital Markets Reiterates Outperform Rating, Raises PT for Dollar General

In a report published earlier today, BMO Capital Markets reiterated its Outperform rating for Dollar General Corporation

and raised its price target from $58.00 to $61.00. BMO Capital went on to say “Our comments follow Dollar General's 2012 Analyst meeting where management outlined a credible business plan that we believe can support 10% revenue growth and 22% EPS growth over the next five years...YTD, the stock is up 34% compared with a 5% increase with the S&P 500 and trades at 16.2x our 2013 EPS estimate. Our 12-month price target of $61 assumes the stock trades at 18x, or at its historical average.” Dollar General Corporation closed yesterday at $54.95.