Market Overview

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

Share:
Related DLTR
7 Biggest Price Target Changes For Friday
Dollar Tree Shares Downgraded At MKM Following 'Tough' Q2
Dollar General's Growth Initiatives Will Definitely Add To The Valuation (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
Aug 2016UBSMaintainsBuy
Aug 2016Deutsche BankUpgradesHoldBuy
Jun 2016CitigroupMaintainsNeutral

View More Analyst Ratings for DLTR
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Upgrades Analyst Ratings

 

Related Articles (DLTR)

View Comments and Join the Discussion!