Dollar Tree soars after mutliple PT hikes following Family Dollar sale
Shares of discount retailer Dollar Tree DLTR.O jump 10.6% to $76.61, set for best day since May 2022, after multiple brokerages hike PTs on the stock
Co on Wednesday said it has sold its struggling Family Dollar business for about $1 billion
Truist Securities hikes PT on DLTR to $84 from $76, Telsey Advisory Group hikes $82 from $75
Evercore ISI lifts target by $6, as per Thefly.com
Truist calls Family Dollar sale a "win"; Telsey says sale allows co to focus on growth
Truist cites sales momentum, reduction in expenses after Family Dollar sale, and sales boost from Easter holiday
However, JP Morgan cuts PT on stock to $78 from $88, citing change to FY26 EPS forecast as Dollar Tree continues as a standalone business
Brokerages cite risks to DLTR from U.S. tariffs, though Telsey says co has been proactive in managing risks
Truist says extra tariffs could cost around ~$8 mln/month or ~$100 mln for the year, assuming a 60% mitigation rate; says not "devastating" on co's FY25 EPS guidance of $5-$5.50
DLTR up 2.3% YTD
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