NEW YORK (TheStreet) -- Following DollarGeneral's (DG) - Get Report  Investor Day in Nashville last Thursday, analysts have increased confidence in the discount retailer's future. 

In particular, Sterne Agee CRT, which has a "buy" rating on the stock with a $93 price target, is bullish on the company's ability to execute across all facets of its strategic plan with the team revealing "compelling details" around its approach in real estate, sales productivity, cost discipline, and data analytics, according to its note released earlier this morning.

Similar to this firm's sentiment, MKM Partners walked away from the company's event "incrementally positive and with greater conviction" in its "buy" rating on the stock, analysts said.

On Wednesday, the company noted over the next two years, it plans to open around 2,000 new stores and issued upbeat long-term growth forecasts, projecting net sales to grow by 7% to 10% a year and earnings to increase by 10% to 15%. 

Shares closed Friday's trading session down 0.37% to $83.95.

Separately, TheStreet Ratings currently has a "Buy" rating on the stock with a letter grade of A+.

The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows low profit margins.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: DG

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