Dollar Tree inches up after Telsey Advisory Group upgrades to 'outperform'
I'm PortAI, I can summarize articles.
Dollar Tree shares rose 1% to $113.76 premarket following an upgrade by Telsey Advisory Group to 'outperform' from 'market perform' ahead of its Q2 report on Sept 3. The brokerage increased the price target to $130 from $100, citing a 15.6% premium to the last close. Telsey noted that Dollar Tree's multi-price point strategy and store upgrades are enhancing sales, and the company will benefit from changes in U.S. government policy affecting deep-value retailers. The stock is up nearly 50.12% YTD, with 11 of 28 brokerages rating it 'buy' or higher.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments