JPMorgan ups Dollar Tree target, adds to Analyst Focus List

JPMorgan raised the firm’s price target on Dollar Tree (DLTR) to $138 from $111 and keeps an Overweight rating on the shares. JPMorgan also added the shares to its Analyst Focus List as a growth idea. The firm’s recent fieldwork points to potential upside relative to its above-consensus Q2 same-store-sales estimate of up 5.3%. Dollar Tree’s base business is seeing strength, the analyst tells investors in a research note.