UPDATE: Jefferies Raises PT to $100 on Dollar Tree - Dollar Tree (NASDAQ:DLTR)

27% profit every 20 days?

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Jefferies raises its price target on Buy-rated Dollar Tree (NASDAQ: DLTR) to $100 from $88 on expectation of solid Q4 sales. Jefferies says, "While shares have run up, we think investors should continue to ride the good momentum in the Dollar Tree business. We believe sales exceeded our original expectations in Q4 so we raising our SSS estimate to 6%. Our checks suggest that food & consumables continued to outpace discretionary goods, so we are not modeling gross margin improvement. However, SG&A leverage should be strong and sharebuyback accretive."DLTR closed at $87.76 a share on Thursday.

27% profit every 20 days?

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