Dollar Tree price target raised to $135 from $127 at UBS

UBS raised the firm’s price target on Dollar Tree (DLTR) to $135 from $127 and keeps a Buy rating on the shares. The firm believes Dollar Tree remains one of the best ideas in hardline, broadline, and food retail. While investor sentiment has improved in recent quarters, the shares not fulling pricing in the company’s opportunity in near- and longer-term, the analyst tells investors in a research note. UBS sees upward estimate revisions and multiple expansion driving the shares higher in the near term as Dollar Tree sees accelerating comp momentum.