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Dollar Tree ‘R.I.B.S. Framework’ Turns This Analyst Bullish

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Dollar Tree Inc (NASDAQ:DLTR) shares were up by 1.6% to $120.11 at the time of publication on Wednesday, less than a week after the company reported disappointing quarterly results.

The BBQ season is around the corner and fundamentals could accelerate into the back half of the year, according to KeyBanc Capital Markets.

The Dollar Tree Analyst: Bradley Thomas upgraded the rating for Dollar Tree from Sector Weight to Overweight, while establishing a price target of $150.

The Dollar Tree Thesis: While the “R.I.B.S.” framework suggests the company’s fundamentals could …

Full story available on Benzinga.com

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