Piper Jaffray Maintains Neutral Rating On Dollar Tree Stores

According to Piper Jaffray, Dollar Tree Stores

price targets are raised. Piper Jaffray said that it is maintaining its Neutral rating but raising its price target from $51 to $65 following DLTR's Q1 earnings call. “In addition to reporting EPS of $0.82, which was above consensus of $0.75, DLTR raised the midpoint of F11 guidance by ~$0.11 which is $0.04 higher than the $0.07 beat. We are encouraged by DLTR's comments on merchandising trends and solid execution across regions but remain Neutral on valuation.” Dollar Tree Stores closed yesterday at $63.11.