Information Provided By:
Fly News Breaks for March 5, 2020
Mar 5, 2020 | 08:38 EDT
Deutsche Bank analyst Paul Trussell upgraded Dollar Tree to Buy from Hold with a price target of $91, down from $93. The company's Q4 results represented the bottom as it relates to sales and margins, with Q1 potentially being the last period of operating income compression as tariff, freight, and mix pressures turn to tailwinds in the second half of the year, Trussell tells investors in a research note. The analyst expects the consolidated management team will improve merchandise assortment and reduce expenses. Further, the threat of a return of shareholder activism has aided guidance that is unlikely to be missed, says Trussell. He calls Dollar Tree a "defensive stock trading at its lows."
News For DLTR From the Last 2 Days
There are no results for your query DLTR