Oppenheimer sees upside for dollar stores

|By:, SA News Editor

Oppenheimer turns positive on the dollar store sector with two upgrades.

The firm takes both Dollar General (DG +1.1%) and Dollar Tree (DLTR +0.7%) up to an Outperform rating from Equal Weight. Strength in the low-income consumer segment is expected to lift the retailers in 2018 and 2019.

Oppy's price target on Dollar General of $112 reps 13% upside potential, while the $130 PT on Dollar Tree reps 15% upside potentil.

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