Piper Jaffray analyst Peter Keith raised his price target for Dollar Tree to $125 from $113 following an analysis of Family Dollar stores. Family Dollar can enter 2020 with a sustainable 2.0% comp run rate and expanding margins, Keith tells investors in a research note. Store renovations are leading to greater than 10% comp benefits, and recent store checks show evidence of "compelling improvement," says the analyst. He also likes the attractiveness of Dollar Tree's "defensive growth profile in a late-stage bull market." Keith reiterates an Overweight rating on the shares.