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Fly News Breaks for August 30, 2019
DLTR
Aug 30, 2019 | 08:27 EDT
RBC Capital analyst Scot Ciccarelli raised his price target on Dollar Tree to $113 and kept his Outperform rating after its "solid" Q2 print, saying the sales momentum in its Family Dollar business has accelerated. The analyst contends that while the margins in Family Dollar are still "depressed", they will start to recover in the second half of the year as the number of "$1-ish" items begin to moderate. Ciccarelli adds that the margins will still have to show a "stronger positive inflection" for the stock to "really work".
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