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Fly News Breaks for September 4, 2015
DLTR
Sep 4, 2015 | 07:24 EDT
As previously reported, BofA/Merrill upgraded Dollar Tree to Buy from Neutral and maintained its $88 price target. The firm believes Dollar Tree's $300M synergy target for the Family Dollar acquisition looks conservative and believes integration benefits remain underappreciated by the market. Given share weakness since reporting Q2 earnings, and year-to-date, BofA believes the market is fully pricing in near-term risks from the integration.
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