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Fly News Breaks for April 8, 2019
DLTR
Apr 8, 2019 | 08:33 EDT
Jefferies analyst Christopher Mandeville raised his price target for Dollar Tree to $100 from $94 after Starboard ended its activist campaign. The analyst, however, keeps a Hold rating on the shares. Downside protection is now removed and the shares could fall in the event Dollar Tree stumbles on Famiy Dollar's turnaround or at its core banner, Mandeville tell investors in a research note. Further, the analyst believes consensus estimates are too high, leaving the stock's risk/reward as "near balanced."
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