Dollar General Rises, Constellation Energy Gains, Lululemon Up After Piper Sandler Raises Price Target
On this episode of Stock Movers:
- Dollar General shares (DG) rise after the retailer reported first-quarter profit and sales that topped expectations, and management boosted its comparable sales forecast for the full year, as well as the low end of its EPS target. Despite low-income shoppers feeling squeezed by inflation, Dollar General's sales have continued to increase, and its value-priced offerings may attract more customers during economic downturns.
- Constellation Energy shares (CEG) rise after the company agreed to sell power from an Illinois nuclear plant to Meta Platforms Inc. in a 20-year contract starting in mid-2027. Under the deal, Constellation will invest in boosting the Clinton plant's output, and is also considering plans to build another reactor at the site.
- Lululemon (LULU) shares rise after Piper Sandler raised the target on Lululemon Athletica Inc. to $315 from $280. Maintains neutral rating.
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