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 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
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