UPDATE: Wedbush Raises PT to $56 on Dollar Tree Stores Following Stock Split - Dollar Tree (NASDAQ:DLTR)

27% profit every 20 days?

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Wedbush maintains its Outperform rating on Dollar Tree Stores (NASDAQ: 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.

27% profit every 20 days?

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