Wedbush Reiterates Dollar Tree Stores Outperform
Wedbush reiterated its Dollar Tree Stores (NASDAQ: DLTR) Outperform rating in a research report published today. Wedbush has an $86 price target on Dollar Tree Stores shares.
In the report, Wedbush states, "We see a number of positives going forward, including the ongoing rollout of coolers, improving outlook for the Deal$ chain, better leverage of e-commerce, and expansion across Canada. The company is continuing to expand distribution by developing a number of store concepts, including Deal$, Dollar Giant (Canada), and by testing a new smaller store (~4,000 sq. ft) concept called “Dollar Tree Stop”."
Shares of Dollar Tree Stores closed today at $77.09, up 1.85% from Monday's market close.
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