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Dollar General is 'well positioned' as new tariffs target retailers, Goldman upgrades to buy

A shopper at a Dollar General store
Daniel Acker | Bloomberg | Getty Images

Dollar General is safe as a new round of tariffs on China take aim at retailers, according to Goldman Sachs.

The firm upgraded the discount retailer to buy from neutral and hiked its 12-month price target to $152 from $142, showing a 13% upside for the stock.

Dollar General is "well positioned with a defensive tilt," said Goldman Sachs analyst Christopher Prykull in a note to clients Thursday. "DG is one of the least exposed companies in our coverage universe to tariffs on imports from China."