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Wedbush maintains its Outperform rating on Dollar Tree Stores
DLTR and updates its price target from $107 to $56, an increase given the 2-for-1 stocks split.
Wedbush notes, "We are adjusting our forecast and price target to account for the recent 2-for-1 stock split. The company's board approved a 100% stock dividend, which was distributed after market close on June 26. The split was done to help increase
liquidity of the company's stock, to provide a more attractive entry point for investors, and to potentially broaden the base of shareholders."
DLTR closed at $52.13 on Monday.
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