- BMO Capital analyst Kelly Bania upgraded Dollar Tree Inc DLTR to Outperform from Market Perform with a price target of $170, up from $155, suggesting a 21% upside.
- The analyst sees a favorable risk/reward at current share levels and believes consensus expectations are too low for the gross margin impact of the shift to $1.25 at Dollar Tree.
- Related: Is Dollar Tree Becoming The $1.25 Store? Here's What Investors And Shoppers Should Know
- Bania added that if BMO is wrong and the company's 2022 guidance is disappointing, this could increase the possibility of activist investor-led management changes, which could also be a positive catalyst.
- Price Action: DLTR shares are trading lower by 0.11% at $140.53 in premarket on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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