Dollar General upgraded to Outperform from Perform at Oppenheimer

Oppenheimer upgraded Dollar General (DG) to Outperform from Perform with a $130 price target Following the company’s stronger than expected earnings report, the firm is increasingly confident in management’s ability to drive a 2%-3% comp on a sustained basis and make progress toward its 6%-7% operating margin target in 2028 and 2029. In addition, Dollar General’s model has been resilient in recessionary periods, the analyst tells investors in a research note. The firm believes this could drive further money flows in an increasingly uncertain backdrop as the year progresses.