JPMorgan analyst Matthew Boss upgraded Dollar General (DG) to Overweight from Neutral with a price target of $166, up from $128. The firm sees upside to company’s 2%-3% same-store-sales growth outlook for fiscal 2026 given its exposure to the employed low-income consumer and higher level of middle income consumers trading down. Following a meeting with management, JPMorgan says Dollar General is “back on offense.” The stock in premarket trading is up 3%, or $3.79, to $137.00.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DG:
- Dollar General upgraded to Overweight from Neutral at JPMorgan
- Dollar General’s (DG) Valuation Exceeds Early-Stage Recovery Narrative
- Pennsylvania Attorney General announces $1.55M settlement with Dollar General
- Dollar General management to meet virtually with KeyBanc
- Dollar General price target raised to $140 from $125 at Guggenheim
