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Dollar Tree, Inc. stock price
Dollar Tree, Inc. latest news:
Dollar Tree shares add to Thursday's gains as Raymond James upgrades to strong buy
Shares of Dollar Tree Inc. rose 1.7% premarket Friday, adding to Thursday's more than 5% gain, after Raymond James upgraded the stock to strong buy from market perform and assigned it a stock price target of $95, or 21% above its current trading level. Raymond James had downgraded the stock on March, after rating it a strong buy for eight straight years. "What has changed during the past 17-months is DLTR's valuation has declined to an attractive level following significant stock-price underperformance, while we are increasingly confident on the health of the Dollar Tree banner - and ''modestly'' more upbeat on Family Dollar," he said. Dollar Tree acquired Family Dollar in 2015. The stock had gained 1.7% in 2017 through Thursday, while the S&P 500 has gained 9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Dollar Tree Another Bright Spot in the Retail Gloom
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