Dollar General Corporation (NYSE:DG) is considered one of the best FMCG stocks to invest in. Wolfe Research analyst Spencer Hanus reaffirmed an ‘Outperform’ rating on the stock, setting a $139 price target based on improving fundamentals and underperformance relative to the sector.

Hanus believes Dollar General’s estimates are too low, and its valuation is compelling. Retailers, including Dollar General, have benefited from a strong back-to-school shopping season. The discount retailer operates neighborhood stores offering affordable essentials to communities, particularly in rural areas.

While Dollar General shows investment potential, some AI stocks may offer greater upside and less downside risk. Investors can explore a free report on the best short-term AI stock. For more investment opportunities, consider cryptocurrency stocks and Lidar stocks. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: Wolfe Research Affirms ‘Outperform’ Rating on Dollar General Corporation (DG) on Improving Fundamentals