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UPDATE: Deutsche Bank Reiterates on Dollar Tree Following 3Q Comp Miss

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In a report published Friday, Deutsche Bank analyst Greg Poole reiterated a Buy rating on Dollar Tree (NASDAQ: DLTR), but lowered the price target from $62.00 to $60.00.

In the report, Deutsche Bank noted, “Dollar Tree's 3Q comp miss versus MSD expectations has led to questions about (1) the strength of the consumer (challenged, especially on the low end in our view), (2) overall trends in the dollar store sector (choppy, but still taking market share from big box retailers), and (3) the appropriate multiple for DLTR (still deserving of a premium given long runway for door growth, differentiated model that does not compete directly with WMT, and strong earnings algorithm that still drives teens+ bottom line growth annual.”

Dollar Tree closed on Thursday at $56.30.

Latest Ratings for DLTR

DateFirmActionFromTo
Apr 2015Cantor FitzgeraldInitiates Coverage onBuy
Mar 2015BMO CapitalMaintainsMarket Perform
Feb 2015BB&T CapitalDowngradesBuyHold

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Posted-In: Deutsche Bank Greg PooleAnalyst Color Price Target Analyst Ratings

 

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