Even with strong
headwinds for the discount
retail sector, Deutsche Bank Markets Research analyst Paul Trussell maintains a Buy rating and price target of $96 for
Dollar Tree, Inc. (NASDAQ: DLTR) ahead of
its Q3 earnings report on November 22.
The company faces competitive pricing
challenges across the market, decreased SNAP benefits and overall deflation, but according to the analyst, these are considered
in the current estimates.
Headwinds Not Deflating Optimism
While some on the Street are cautious with the headwinds, three key factors are keeping Trussell optimistic:
-
Family Dollar Stores, Inc. (NYSE: FDO)'s
slightly positive comparables.
- Family Dollar’s progress toward its 7.5 percent EBIT margin target.
- Dollar Tree’s comp stabilization and margin expansion.
At time of writing, shares of Dollar Tree were trading up 0.24 percent at $81.85.
Latest Ratings for DLTR
Date |
Firm |
Action |
From |
To |
Nov 2016 |
Johnson Rice |
Upgrades |
Hold |
Accumulate |
Oct 2016 |
KeyBanc |
Initiates Coverage On |
|
Sector Weight |
Oct 2016 |
Deutsche Bank |
Maintains |
|
Buy |
View More Analyst Ratings for
DLTR
View the Latest Analyst Ratings
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.