Dollar Tree price target raised to $100 from $95 at Guggenheim

Guggenheim analyst John Heinbockel raised the firm’s price target on Dollar Tree (DLTR) to $100 from $95 and keeps a Buy rating on the shares. Five Below’s (FIVE) positive Q1 pre-announcement, in combination with constructive third-party data over the past several weeks, suggest that logic underpinning optimistic Easter sales expectations has been realized, says the analyst, who is raising the firm’s Q1 top- and bottom-line estimates near the high end of guidance.