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Dollar Tree price target raised to $130 from $100 at Guggenheim

Guggenheim raised the firm’s price target on Dollar Tree (DLTR) to $130 from $100 and keeps a Buy rating on the shares. The firm believes the validation of the MPP concept with six months of broad-based 5%-7% comp growth, simultaneous with the divestiture of the challenged Family Dollar business, should bolster investor confidence, the analyst tells investors.

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