Piper Jaffray Maintains Neutral Rating On Dollar Tree Stores

According to Piper Jaffray, Dollar Tree Stores (NASDAQ:

) 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.