UPDATE: Deutsche Bank Raises Price Target on Dollar Tree to $89

According to Deutsche Bank, Dollar Tree (NASDAQ: DLTR) price target is raised to $89.

Deutsche Bank said that post its recent upgrade of Dollar General to Buy, it has recalibrated its Price Target assumptions to be 2013 EPS based. “Importantly, we still believe our FY12E and FY13E EPS of $4.85 and $5.55, respectively, are conservative.”

Dollar Tree closed yesterday at $82.93.

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