Dollar General price target raised to $170 from $145 at Oppenheimer

Oppenheimer raised the firm’s price target on Dollar General (DG) to $170 from $145 and keeps an Outperform rating on the shares. The firm notes management introduced bullish longer-term targets in early 2025, and Oppenheimer believes the company remains on a trajectory towards achieving them in 2028/2029. The firm is encouraged by the more consistent top-line delivery and above expectation gross margin expansion in recent quarters, which increases its confidence in a ramp towards 6%-7% operating margins, up from its 5% FY25 estimate. Sentiment remains mixed towards shares, which represents another positive for the bull case, in Oppenheimer’s view. For the upcoming print, the firm expects a solid Q4 delivery and in line FY26 guide in a high expectation setup.