Dollar Tree (NASDAQ: DLTR) had its target price trimmed by Deutsche Bank from $40.00 to $39.00 in a report released on Tuesday. Deutsche Bank currently has a hold rating on the stock.
Deutsche Bank has also modified their ratings on a number of other services stocks in the few days. The firm reiterated its sell rating on shares of Big Lots. They have a $24.00 price target on that stock. Also, Deutsche Bank reiterated its hold rating on shares of Wal-Mart Stores. They have a $68.00 price target on that stock. Finally, Deutsche Bank reiterated its hold rating on shares of Family Dollar Stores. They have a $57.00 price target on that stock.
Dollar Tree opened at 40.29 on Tuesday. Dollar Tree has a 52-week low of $37.12 and a 52-week high of $56.815. The stock’s 50-day moving average is currently $39.71. The company has a market cap of $9.154 billion and a price-to-earnings ratio of 16.19.
Separately, analysts at Morgan Stanley upgraded shares of Dollar Tree from an underweight rating to an equal weight rating in a research note to investors on Tuesday, December 4th.
Thirteen analysts have rated the stock with a buy rating, and twelve have given a hold rating to the stock. The stock presently has an average rating of overweight and a consensus price target of $47.52.
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