JPMorgan upgraded Dollar Tree (DLTR) to Overweight from Neutral with a price target of $111, up from $72. The company’s Q1 same-store-sales came in above consensus with balanced ticket and traffic composition, the analyst tells investors in a research note. The firm upgraded Dollar Tree following the post-earnings selloff.
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Read More on DLTR:
- 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
- Truist raises Dollar Tree price target to $109, would be ‘aggressive buyers’
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