Jefferies Raises PT From $62.00 To $69.00 And EPS From $0.73 To $0.75 On Dollar Tree (DLTR)

In a recent report, Jefferies has raised the price target on Dollar Tree DLTR From $62.00 to $69.00 and the EPS estimate for 2011 from $0.73 to $0.75 as the momentum of the company remains strong. In the report, Jefferies said, "We still favor Dollar Tree for its defensive profile, consistent performance and relatively strong unit growth story. Sales growth has been strong and management continues to demonstrate that it can manage through challenging environments and still beat EPS expectations." Dollar Tree closed yesterday at $59.76.