Dollar Tree price target raised to $112 from $93 at Piper Sandler

Piper Sandler analyst Peter Keith raised the firm’s price target on Dollar Tree (DLTR) to $112 from $93 and keeps a Neutral rating on the shares. Fundamentals across the discount retailer space have improved as cleaner stores have allowed for trade-down benefits, but despite solid fundamentals, the set-up is “tricky” as the company likely has to raise the full year outlook to support shares at current levels, the analyst tells investors in a research note.