Market Overview

UPDATE: Morgan Stanley Upgrades Dollar Tree to Overweight Following AlphaWise Survey

Share:
Related DLTR
Consumer Spending Not Hurting Retail ETFs
Top 4 NASDAQ Stocks In The Discount, Variety Stores Industry With The Highest Operating Margin
Dollar General Vs. Dollar Tree: Which Gives Investors More Bang For Their Buck? (Seeking Alpha)

In a report published Wednesday, Morgan Stanley analyst Mark Wiltamuth upgraded the rating on Dollar Tree (NASDAQ: DLTR) from Equal-Weight to Overweight, and named a $57.00 price target.

In the report, Wiltamuth noted, “We are raising comp estimates after our survey showed that consumers have shrugged off the 2% payroll tax increase. While consensus is assuming eroding comps, we see a flat 2-yr stacked comp trends, with comps growing from 2% in 1Q to 5-6% by 2H.”

Dollar Tree closed on Tuesday at $47.32.

Latest Ratings for DLTR

DateFirmActionFromTo
Mar 2015BMO CapitalMaintainsMarket Perform
Feb 2015BB&T CapitalDowngradesBuyHold
Feb 2015JefferiesMaintainsHold

View More Analyst Ratings for DLTR
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Upgrades Analyst Ratings

 

Related Articles (DLTR)

Around the Web, We're Loving...