Deutsche Bank Maintains a 'Hold' on Dollar Tree (DLTR), Increases Price Target
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Price: $50.19 --0%
Rating Summary:
10 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 6 | New: 13
Rating Summary:
10 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 6 | New: 13
Trade DLTR Now!
Deutsche Bank maintains a 'Hold' on Dollar Tree Inc (Nasdaq: DLTR), price target increased from $35 to $40.
Deutsche analyst says, "Besides its comp strength, we note three other positives to the story. First, declining diesel prices should begin to translate positively to the P&L beginning in either 4Q or 1Q09, we believe. Second, DLTR maintains a solid balance sheet with likely FY08 free cash generation used to either reinvest or buy back shares. Finally, 4Q plan of $1.07-$1.15 brackets Street expectations...Downside risks include weaker comp trends as cycle tougher compares, with upside possible from a free cash generation and share buybacks."
Dollar Tree, Inc., formerly Dollar Tree Stores, Inc., is an operator of discount variety stores offering merchandise at the fixed price of one dollar.
Deutsche analyst says, "Besides its comp strength, we note three other positives to the story. First, declining diesel prices should begin to translate positively to the P&L beginning in either 4Q or 1Q09, we believe. Second, DLTR maintains a solid balance sheet with likely FY08 free cash generation used to either reinvest or buy back shares. Finally, 4Q plan of $1.07-$1.15 brackets Street expectations...Downside risks include weaker comp trends as cycle tougher compares, with upside possible from a free cash generation and share buybacks."
Dollar Tree, Inc., formerly Dollar Tree Stores, Inc., is an operator of discount variety stores offering merchandise at the fixed price of one dollar.
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