Deutsche Bank Maintains a 'Hold' on Dollar Tree (DLTR), Increases Price Target

November 26, 2008 10:04 AM EST
Get Alerts DLTR Hot Sheet
Price: $136.84 -0.82%

Rating Summary:
    22 Buy, 16 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 11 | New: 34
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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.

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