Dollar Tree price target raised to $156 from $149 at Truist

Truist analyst Scot Ciccarelli raised the firm’s price target on Dollar Tree (DLTR) to $156 from $149 and keeps a Buy rating on the shares as part of a broader research note on Hardlines/Broadlines consumer names. The firm is citing its latest Truist Card reads and ICR holiday updates in adjusting its sales and earnings estimates, though it also believes that a significant increase in tax refunds will likely boost sales across the retail space in what are typically seasonally softer months, the analyst tells investors in a research note. For the company, despite concerns over softer traffic in Q3, Dollar Tree’s sales trends have continued to exceed the firm’s prior expectations for Q4, the firm added.