Dollar General rises as Gordon Haskett upgrades to 'buy'

Dollar General

06/10/2026 19:21

** Shares of discount retailer Dollar General DG.N up ~3% at $122.34 in afternoon trading
** Gordon Haskett upgrades rating to "buy" with a PT of $140, following meeting with company management
** Brokerage says higher-income shoppers are increasingly trading down to Dollar General as elevated gasoline prices pressure household budgets, creating incremental market share opportunities
** Adds that lower-income consumers have stabilized and adjusted spending patterns despite higher fuel costs, supported by continued employment
** Says shoppers are visiting stores closer to home, making more frequent trips, purchasing fewer items per visit, trends the Brokerage views as favorable for DG
** Says co is focused on expanding its $1 offering, plans a 40% increase in seasonal one-dollar items in the back half of this year
** Co says its delivery partnerships have helped attract new customers and take market share from traditional grocery and drug retailers
** 13 of 32 brokerages rate the stock "buy" or "higher", 18 "hold" and one "sell"; their median PT is $140, according to data compiled by LSEG
** Up to last close, stock down about 8% YTD

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))