WMT - Dollar Tree Promisingly Positioned For Long-Term Growth Despite Recent Share Decline: Analyst | Benzinga
BMO Capital Markets analyst Kelly Bania reiterated the Outperform rating on Dollar Tree, Inc. (NASDAQ: DLTR), with a price target of $170.
The analyst notes management's strategies, plans for Family Dollar, and opportunities to improve the high-returning Dollar Tree format further.
Management does not sugarcoat the magnitude of significant changes required following years of underinvestment at the company.
The analyst highlights that management still sees an opportunity for 16,000 more small box stores, suggesting the channel is not over-stored. Bania notes that the economy is creating more dollar stores for core customers, and higher volume and return requirements prevent big competitors from entering certain locations.
The analyst underscores that DLTR acknowledges that ...