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Fly News Breaks for March 20, 2019
DLTR
Mar 20, 2019 | 08:31 EDT
As previously reported, Telsey Advisory analyst Joseph Feldman upgraded Dollar Tree to Outperform from Market Perform after meeting with management. The analyst believes Dollar Tree should see a return to earnings growth in the second half of 2019, after heavy investments related to its transformation - Family Dollar remodels, re-bannering, store closing, store support center consolidation - followed by EPS growth of 14%-18% in 2020, with the double-digit trend to continue in 2021. Feldman also raised his price target on the shares to $117 from $103.
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