Deutsche Bank Rates Dollar Tree (DLTR) Hold

Deutsche Bank Securities analysts Mike Baker and Adam Sindler rated shares of Dollar Tree Inc DLTR a Hold, with a price target of $70 per share. The analysts said that the biggest comp drivers for Dollar Tree Inc included growth in refrigerated and frozen products and the increased importance of seasonal and holiday buying. They also said that Dollar Tree Inc wasn't facing overseas inflationary pressure because the company usually buys a year in advance. The Deutsche Bank Securities analysts wrote, "while not yet at the "rollout" phase, Deal$ is seeing better ticket and traffic trends and selling more multiply price point product. We believe that DLTR is still refining the merchandising plan before fully rolling out the concept. About 50% of the product is similar across concepts and Deal$ now has separate buying personal."