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Fly News Breaks for February 12, 2018
DLTR
Feb 12, 2018 | 09:01 EDT
Loop Capital analyst Anthony Chukumba raised his price target on Dollar Tree to $100 after detecting progress in the company's efforts to improve execution as part of his recent store visits in the Chicago area. Chukumba points to better "in-stock levels, cleanliness, and store associate engagement", forecasting financial performance to continue in FY18. The analyst keeps his Hold rating on Dollar Tree, noting that the company's valuation of 20.3-times FY18 expected EPS is at a premium to its historic average.
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