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Fly News Breaks for April 18, 2018
DLTR
Apr 18, 2018 | 05:08 EDT
Loop Capital analyst Anthony Chukumba upgraded Dollar Tree to Buy and raised his price target for the shares to $120 from $92. The retailer closed yesterday up $1.32 to $98.87. While Dollar Tree's fiscal 2018 earnings guidance came up short of consensus expectations, management is correctly prioritizing long-term competitiveness over higher short-term profitability, Chukumba tells investors in a research note. He believes performance at the Family Dollar unit continues to improve while the core Dollar Tree segment "remains impressive."
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