Piper Sandler raised the firm’s price target on Dollar Tree (DLTR) to $93 from $72 and keeps a Neutral rating on the shares. The firm remains on the sidelines but is incrementally more positive on Dollar Tree following Q1 results. Comparable sales trends are now showing notable improvement, and tariffs appear manageable and are now factored into guidance, says Piper. Shares sold off -8% in part from confusing guidance. Bottom line, while Dollar Tree is experiencing tariff pressure in Q2, mitigation efforts in the second half of the year should keep the tariff impact for the year neutral.
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Read More on DLTR:
- Dollar Tree price target raised to $96 from $80 at Morgan Stanley
- Dollar Tree upgraded to Overweight from Neutral at JPMorgan
- Dollar Tree’s Strong Sales Growth Balanced by Margin Risks: Hold Rating Maintained
- Dollar Tree should be bought on weakness, says Wells Fargo
- Cautious Outlook: Dollar Tree Faces Earnings Pressure Amid Tariff and Labor Cost Challenges
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