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Fly News Breaks for September 1, 2015
DLTR
Sep 1, 2015 | 11:50 EDT
Cantor Fitzgerald analyst Laura Champine lowered her price target on Dollar Tree shares to $90 from $95 in a post-earnings note to investors. However, she maintains her Buy rating on the stock, arguing that management's synergy estimates from its deal with Family Dollar appear "very conservative" and that the full synergies likely to be realized are not fully reflected in the stock's current share price. Dollar Tree shares are down nearly 7% to $71.02 in intraday trading following the company's earnings report this morning.
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