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Fly News Breaks for March 20, 2019
DLTR
Mar 20, 2019 | 08:29 EDT
Telsey Advisory analyst Joseph Feldman upgraded Dollar Tree to Outperform from Market Perform and raised his price target to $117 from $103 following meetings with CEO Gary Philbin, CFO Kevin Wampler and VP of IR Randy Guiler. In a research note to investors, Feldman says the meetings with management gave him increased visibility and confidence in the company's plan, and believes Dollar Tree should see a return to earnings growth in the second half of 2019, followed by EPS growth of 14%-18% in 2020, with the double digit trend continuing in 2021.
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