BofA analyst Robert Ohmes raised the firm’s price target on Dollar Tree (DLTR) to $85 from $75 and keeps an Underperform rating on the shares after the company’s Q3 beat and raise report. The firm believes Dollar Tree’s multi-price strategy supports ticket comps, but increases complexity and competitive response risks, adding that it sees risk that labor/distribution cost savings from selling fewer units could be offset by further weakness in traffic.
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Read More on DLTR:
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