NEW YORK (TheStreet) -- Shares of Dollar General Corp (DG) were slightly lower by 0.07% to $75.32 in early market trading Tuesday, after analysts at Raymond James upgraded the discount retailer by two notches to "strong buy" from "market perform" earlier this morning.
Analysts at the firm issued a $90 price target, citing the company's accelerating revenue growth.
Raymond James also cited Dollar General's accelerated share repurchase program, dividend growth and attractive valuation.
The firm believes Dollar General has had a great turnaround since the 2008 leveraged buy-out, but shares are underperforming relative to its peers.
Goodlettsville, Tenn.-based Dollar General is a discount retailer that sells a selection of merchandise, including consumable products such as food, paper and cleaning products, health and beauty products, pet supplies and tobacco products, as well as non-consumable products.
The company offers merchandise at low prices through 11,215 retail store locations across the country.
Separately, TheStreet Ratings team rates DOLLAR GENERAL CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate DOLLAR GENERAL CORP (DG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income 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."