UPDATE: Morgan Stanley Upgrades Dollar Tree to Overweight Following AlphaWise Survey

In a report published Wednesday, Morgan Stanley analyst Mark Wiltamuth upgraded the rating on Dollar Tree

from Equal-Weight to Overweight, and named a $57.00 price target. In the report, Wiltamuth noted, “We are raising comp estimates after our survey showed that consumers have shrugged off the 2% payroll tax increase. While consensus is assuming eroding comps, we see a flat 2-yr stacked comp trends, with comps growing from 2% in 1Q to 5-6% by 2H.” Dollar Tree closed on Tuesday at $47.32.