Dollar Tree price target raised to $84 from $76 at Truist

Truist raised the firm’s price target on Dollar Tree (DLTR) to $84 from $76 and keeps a Buy rating on the shares. There are “some negatives” coming out of the company’s Q4 report, but the firm believes the “bigger picture view” is “clearly positive,” citing Dollar Tree’s sales momentum, expectations for 3%-5% comp growth that is a “better rate than most,” and the fact that the sale of Family Dollar will provide cash, tax benefits and enable the team to focus on one business. Recent investments should generate positive results and a strong balance sheet and cash flow to redeploy to shareholders, the analyst added.