UPDATE: Deutsche Bank Raises PT to $94 on Dollar Tree

Deutsche Bank maintains its Buy rating on Dollar Tree DLTR and raises its price target to $94 from $89 a share on Q1 and 2012 guidance. Deutsche Bank says, "DLTR provided initial 2012 EPS guidance of $4.65-$4.90, bracketing the Street's estimate of $4.78. This is based on SSS guidance of low to midsingle digits. DLTR is also expecting 1Q12 EPS in the range of $0.91-$0.97 vs. the Street at $0.98. We are raising our FY12 & FY13 EPS ests to $5.00 and $5.85, respectively, from $4.85 and $5.55." DLTR closed at $88.01 a share.
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