Morgan Stanley Reiterates Dollar Tree Overweight

Morgan Stanley reiterated its Dollar Tree DLTR Overweight rating in a research report published today. Morgan Stanley has previously given Dollar Tree a $70 price target. In the report, Morgan Stanley states, "Investment conclusion: While DLTR sold off early due to an in-line EPS guide to 3Q, the stock has rebounded through the day as current sales trends had a positive tone and investors became comfortable with 3Q guidance. We continue to believe that fundamentals remain strong, EPS estimates are achievable (more likely beatable), and DLTR is a stock investors should want to own in an uncertain macro environment." Shares of Dollar Tree closed today at $65.54, down 1.40% from Wednesday's market close.