Close

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
Join SI Premium – FREE
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.

You May Also Be Interested In





Related Categories

Analyst Comments

Related Entities

Deutsche Bank, Raising Prices