Nomura Securities Maintains a 'Buy' on Dollar Tree (DLTR); Redbox Raises Prices
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Price: $129.39 -0.11%
Rating Summary:
17 Buy, 22 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
17 Buy, 22 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Buy' on Dollar Tree (NASDAQ: DLTR) price target of $87.00.
Nomura analyst, Aram Rubinson, said, "Over time, it has become increasingly difficult to retail items for $1. The latest company to break the buck is Redbox (Nasdaq: CSTR), which announced late last week that it was raising its popular video rental price from $1 to $1.20. The company blamed rising costs like debit card fees. The Street has expected DLTR to raise prices in order to combat inflationary pressures. However, an active merchandising culture has allowed the company to thrive in a range of macro environments. Dollar Tree shares have run up and leave only modest upside at present. Nonetheless, we think an increasing valuation over time is likely."
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 $78.87 yesterday.
Nomura analyst, Aram Rubinson, said, "Over time, it has become increasingly difficult to retail items for $1. The latest company to break the buck is Redbox (Nasdaq: CSTR), which announced late last week that it was raising its popular video rental price from $1 to $1.20. The company blamed rising costs like debit card fees. The Street has expected DLTR to raise prices in order to combat inflationary pressures. However, an active merchandising culture has allowed the company to thrive in a range of macro environments. Dollar Tree shares have run up and leave only modest upside at present. Nonetheless, we think an increasing valuation over time is likely."
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 $78.87 yesterday.
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