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Fly News Breaks for January 8, 2019
DLTR
Jan 8, 2019 | 09:17 EDT
As previously reported, Buckingham upgraded Dollar Tree to Buy from Neutral and raised its price target to $116 from $92. Analyst Bob Summers expects shares to continue to work higher given the combination of activist investor Starboard and potential sequential Family Dollar same-stores sales improvement in 1H 2019. Summers expects challenging Q4 results but said events have de-risked the quarter and expects emerging and strengthening optimism to be a catalyst driving the first leg of the stock price recovery.
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