Goldman Sachs Maintains Buy on Dollar Tree Stores

Goldman Sachs is out with its report today on Dollar Tree Stores DLTR, maintaining Buy. In a note to clients, Goldman Sachs writes, "We view the recent developments in container shipping as another positive for dollar stores, which experienced margin pressure due to steep increases in ocean freight costs last year. DLTR is likely to be the biggest beneficiary, as we estimate that higher ocean freight rates were a 20 bp drag on the 2Q10 gross margin." Goldman Sachs maintains a $69 PT on DLTR. Shares of DLTR closed Tuesday at $65.49, up 2.06% from Monday's close.