HSBC Upgrades Dollar General to Buy from Hold
Fintel reports that on September 24, 2026, HSBC upgraded their outlook for Dollar General (NYSE:DG) (BMV:DGG) from Hold to Buy. This upgrade comes as the discount retailer, which operates an extensive network of over 18,000 stores across 47 states, continues to focus on its DG Fresh initiative and digital transformation. Dollar General primarily offers consumables, seasonal items, home products, and apparel at low everyday prices. Prior to the rating action, the company's stock closed at $120.60 on September 23, 2026. This latest close represents a one-week price change of -1.96% from its baseline close of $123.01 on September 16, 2026, and a one-month price change of -2.28% from its baseline close of $123.41 on August 21, 2026.
As of September 15, 2026, the current consensus target price for Dollar General stands at a mean of $141.02 and a median of $140.76, representing an implied change of +16.93% from the stock's valuation. This mean target reflects a revision of +5.27% from the prior consensus target mean of $133.96 recorded on August 27, 2026. In terms of analyst recommendations, the current period as of September 1, 2026, shows a total of 40 recommendations, consisting of 10 strong buy, 8 buy, 21 hold, 1 sell, and 0 strong sell ratings. These figures, which represent 45.0% positive, 52.5% hold, and 2.5% negative recommendations, remained unchanged from the prior recommendation period on August 1, 2026.
Dollar General last reported its quarterly earnings on August 27, 2026. The company posted an actual EPS of 2.23, which exceeded the estimated EPS of 2.0679, representing a positive surprise of +7.84%. Actual revenue for the quarter was $11,290,680,000.00, compared to the estimated revenue of $11,532,494,467.00. Following these financial results, several other analyst firms updated or maintained their positions. On September 8, 2026, Barclays maintained its Overweight rating. Argus Research maintained its Buy rating on September 4, 2026, while Guggenheim reiterated its Buy rating on August 31, 2026. Earlier, on August 28, 2026, Morgan Stanley maintained an Equal-Weight rating, Piper Sandler maintained a Neutral rating, and Goldman Sachs maintained a Neutral rating.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 24, 2026 | HSBC | Hold | Buy | upgrade |
| September 8, 2026 | Barclays | Overweight | Overweight | maintained |
| September 4, 2026 | Argus Research | Buy | Buy | maintained |
| August 31, 2026 | Guggenheim | Buy | Buy | reiterated |
| August 28, 2026 | Morgan Stanley | Equal-Weight | Equal-Weight | maintained |
| August 28, 2026 | Piper Sandler | Neutral | Neutral | maintained |
| August 28, 2026 | Goldman Sachs | Neutral | Neutral | maintained |
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This story originally appeared on Fintel.