Deutsche Bank Downgrades Dollar Tree (DLTR) to Hold; Valuation Call

Deutsche Bank downgraded Dollar Tree (NASDAQ: DLTR) from Buy to Hold with a price target of $54.00.

Deutsche analyst said, "While we remain long-term believers in the Tree's story and maintain high respect for its talented management team, shares have reached our $54 PT after multiple years of outperformance. Said differently, the risk/reward equation looks less compelling at current levels (market has punished those showing any "dents in the armor" - see Bed Bath & Beyond (Nasdaq: BBBY) / O'Reilly's (Nasdaq: ORLY) / Advanced Auto (NYSE: AAP)/ Nike (NYSE: NKE)) and the $ store segment as a whole looks a bit "frothy"- up ~19% YTD (vs. 6% gain for SPX)."

For an analyst ratings summary and ratings history on Dollar Tree click here. For more ratings news on Dollar Tree click here.

Shares of Dollar Tree closed at $53.80 yesterday.

---

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

---

You May Also Be Interested In

• Deutsche Bank Downgrades Workday (WDAY) to Hold
• Northcoast Downgrades ScanSource (SCSC) to Neutral
• ATB Capital Markets Downgrades The Westaim Corp. (WED:CN) (WEDXF) to Speculative Buy (2)