Wedbush Morgan Maintains 'Buy' Rating on Dollar Tree Stores (DLTR), Reduces Price Target
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Wedbush Morgan maintains 'Buy' rating on Dollar Tree Stores (Nasdaq: DLTR). Price target reduced from $44 to $43.
Wedbush analyst says, "Maintain BUY as we believe Dollar Tree’s business momentum should continue through holiday and results should look pretty good relative to other more discretionary retailers...Reducing our price target to $43 (previously $44), which assumes DLTR should trade at 16.5x our revised 2009 EPS estimate of $2.60, or at a 10% premium to our projected longer-term earnings growth rate of 15%."
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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