Dollar Tree price target raised to $75 from $65 at Loop Capital

Loop Capital raised the firm’s price target on Dollar Tree (DLTR) to $75 from $65 and keeps a Hold rating on the shares. The company’s Q3 results were “nothing to write home about”, though the firm was still “relieved” that Dollar Tree broke its string of earnings and/or guidance disappointments, the analyst tells investors in a research note. Loop adds that it was also encouraged to see improved performance in the Family Dollar segment, even though this may be “too little, too late” given the ongoing strategic review for the unit.