Deutsche Bank Provided Color on Dollar Tree, Hold
Deutsche Bank provided color on Dollar Tree (NASDAQ: DLTR) after a meeting with its management. In a research report published today, Deutsche Bank remained optimistic about Dollar Tree's outlook. It did not upgrade its rating from Hold or increase its price target from $65, however.
In the report, Deutsche Bank states, "We believe that DLTR sees opportunity to grow both the Canadian Dollar Giant business and the Deal$ business in the U.S. But, we believe the Canadian opportunity is more visible, due in part to the fixed price point strategy for that format, which is closer to what Dollar Tree does. This is why DLTR management is more comfortable giving a specific long term plan for Dollar Giant, but has not yet specifically quantified the Deal$ opportunity. Opening new Dollar Tree stores remains the best use of incremental capital."
In today's trading, Dollar Tree lost 0.15% and is currently standing around $61.90.
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