BUZZ - Gordon Haskett upgrades Dollar General to "Buy," stock price rises
路透社2026/10/06 18:31On October 6th: - Shares of discount retailer Dollar General (DG.N) rose about 3% in afternoon trading, closing at $122.34. - Gordon Haskett raised its rating to "Buy" with a target price of $140 after meeting with company management. - The brokerage said that as high gasoline prices put pressure on household budgets, higher-income consumers are increasingly shopping at Dollar General, creating opportunities for the company to further expand its market share. - The firm added that, despite rising fuel costs, consumption patterns among lower-income consumers have stabilized and adjusted accordingly, thanks to ongoing stability in employment conditions. - The brokerage noted that consumers prefer shopping at stores closer to home and are making purchases more frequently, although the quantity of products per purchase has decreased; these trends are seen as favorable for Dollar General. - The company is working to expand its $1 products lineup, planning to increase the number of seasonal $1 items by 40% in the second half of this year. - Dollar General stated that its distribution partnerships help attract new customers and capture market share from traditional grocery and pharmacy retailers. - According to data compiled by London Stock Exchange Group (LSEG), out of 32 brokerages covering the stock, 13 rate it as "Buy" or higher, 18 as "Hold," and 1 as "Sell", with a median target price of $140. - As of the previous trading session's close, the stock has fallen about 8% year-to-date. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Because automated translation may be inaccurate or lack the required context, Reuters does not guarantee the accuracy of these automated translations and provides them solely for the convenience of readers. Reuters is not responsible for any damage or loss caused by the use of such translation features.)
October 6 - ** The share price of discount retailer Dollar General (DG.N) rose about 3% in afternoon trading, reaching $122.34
** Gordon Haskett upgraded its rating to "Buy" and set a target price of $140 after meeting with the company's management
** The brokerage stated that as high gas prices put pressure on household budgets, higher-income consumers are increasingly shopping at Dollar General, which creates an opportunity for the company to further expand its market share
** The firm added that despite rising fuel costs, the spending patterns of lower-income consumers have stabilized and adjusted accordingly, thanks to the continued stable employment situation
** The brokerage pointed out that consumers tend to visit stores closer to home more frequently, but buy fewer items per trip; these trends are considered favorable to Dollar General
** It stated that the company is working to expand its $1 product lineup, planning to increase the number of seasonal $1 products by 40% in the second half of this year
** The company said its distribution partnerships help attract new customers and take market share from traditional grocery and drugstore retailers
** According to data compiled by London Stock Exchange Group (LSEG), among 32 brokerages, 13 rate the stock as "buy" or higher, 18 as "hold," and 1 as "sell"; the median target price is $140
** As of the close of the previous trading day, the stock was down about 8% for the year
(To facilitate those whose native language is not English, Reuters has automatically translated its report into several other languages. As the automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the automated translation text and provides it solely for readers’ convenience. Reuters accepts no liability for any harm or loss arising from the use of the automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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