Rothschild & Co Redburn analyst Sam Hudson upgraded Dollar Tree (DLTR) to Buy from Neutral with a price target of $165, up from $75. The firm views the company’s 12% earnings growth outlook as attractive at the stock’s current valuation, particularly with the potential upside presented by its multi-price rollout. Following the Family Dollar divestment, Dollar Tree is a “higher quality, higher-return, more cash-generative opportunity than it has been for the past decade, warranting a higher valuation than recent history,” the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DLTR:
- Dollar Tree upgraded to Buy from Neutral at Rothschild & Co Redburn
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Pinterest downgraded, Airbnb upgraded: Wall Street’s top analyst calls
- Dollar Tree downgraded to Underperform from Market Perform at BMO Capital
- Dollar Tree price target lowered to $160 from $165 at Evercore ISI