JP Morgan upgrades Dollar Tree: Retailer ‘remains a story of stability’

Investing News

A Dollar Tree store in Miami

Getty Images

The combination of Dollar Tree‘s stability and Family Dollar’s revamping initiatives, position the discount retailer well for future growth, according to JP Morgan. 

JP Morgan upgraded Dollar Tree to overweight with a December 2020 price target of $122. Prior to a restriction period, JP Morgan had a neutral rating on the stock and an $82 December 2018 price target. The stock is currently trading around $106 per share. 

Articles You May Like

China house prices (May)+0.7% m/m (vs. April was +0.6%)
Cramer: Facebook will ‘take out’ its all-time stock high after its expected crypto launch
Six Ways California Can Combat the Cannabis Illict Market
Top 5 Events: May Canada Inflation Report & CADJPY Price Forecast – DailyFX
Forex Trading For Beginners – How To read Candlesticks Signals