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Guggenheim Initiates Dollar Tree with a ‘Buy’ Rating

Sonya Bells
Guggenheim Initiates Dollar Tree with a ‘Buy’ Rating

On Thursday, January 11, 2018, Guggenheim initiated coverage on discount retailer Dollar Tree Stores (DLTR) with a “buy” rating. Analyst John Heinbockel said, “We believe Dollar Tree is the rare business that is both a ‘growth’ story and a ‘turnaround.'” He assigned a price target of $125 on DLTR, representing a 15% upside potential. On average, Wall Street has assigned Dollar Tree a price target of $111.65.