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Fly News Breaks for March 23, 2017
DLTR
Mar 23, 2017 | 07:35 EDT
As previously reported, Credit Suisse analyst Edward Kelly upgraded Dollar Tree to Neutral from Underperform, with a $73 price target. While challenges clearly remain, particularly given the deteriorating industry backdrop, the analyst says Dollar Tree differentiates itself at this point by having the resources at its disposal to address its momentum in transaction synergies. Kelly believes it may be one of the few large cap staples retailers to actually grow earnings in 2017 and sees the risk/reward as balanced.
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