Feltl and Company Raises PT on Dollar Tree to $83

Feltl and Company is out with its report today on Dollar Tree DLTR, raising its PT from $69 to $83. In a note to clients, Feltl and company writes, "DLTR's 1Q:11 results were generally strong; we are raising our 2011 EPS estimate and introducing a 2012 EPS estimate; raising PT to $83 from $69; reiterating STRONG BUY rating." At the time of posting, shares of DLTR were trading pre-market at $63.95, up 1.33% from Thursday's close.