UPDATE: Jefferies Raises PT to $115 on Dollar Tree; Expecting Strong Q1

Jefferies increases its price target on Buy-rated Dollar Tree

from $100 to $115 on expectations of strong results again for Q1. Jefferies comments, "Our checks through the quarter would suggest at least an in line sales performance and possibly slightly better as consumables and discretionary performed well. As a result we are raising our comp store sales expectation to 5% from 4.5% and increasing our Q1 EPS estimate to the upper end of guidance at $0.97." DLTR closed at $99.72 on Monday.