Nomura Securities Maintains a 'Buy' on Dollar Tree (DLTR); Raising Target Price on Better Visibility

Nomura Securities maintains a 'Buy' on Dollar Tree (NASDAQ: DLTR) price target raised from $78 to $87.

Nomura analyst, Aram Rubinson, said, "We have begun to value companies with above-average visibility on 2013 earnings. Based on continued strong fundamentals, an optimistic analyst day and a bigger-than-normal buyback, we raise our target to $87. We use an 8x multiple, but apply it to 2013 EBITDA. Our EPS estimates remain unchanged but we model D&A flat on a per foot basis in 2012 after declining 25% since 2006. We expect D&A dollars should increase by 7% in 2012, after holding steady for 5 years."

For more ratings news on Dollar Tree click here and for the rating history of Dollar Tree click here.

Shares of Dollar Tree closed at $79.30 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Pro Diversity Network (IPDN) Reports Q2 Loss of $0.15
• Diana Shipping drops bid for Genco after price demands spike to $36.91