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J.P. Morgan Sticks to Their Buy Rating for Dollar Tree (DLTR)

Tipranks - Tipranks - Tue Apr 14, 6:50AM CDT

In a report released today, Matthew Boss from J.P. Morgan maintained a Buy rating on Dollar Tree, with a price target of $160.00.

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According to TipRanks, Boss is a 4-star analyst with an average return of 5.5% and a 51.12% success rate. Boss covers the Consumer Cyclical sector, focusing on stocks such as Norwegian Cruise Line, Five Below, and Royal Caribbean.

In addition to J.P. Morgan, Dollar Tree also received a Buy from Telsey Advisory’s Joe Feldman in a report issued on April 1. However, on April 6, Bernstein maintained a Hold rating on Dollar Tree (NASDAQ: DLTR).

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Based on Dollar Tree’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $5.45 billion and a net profit of $506.1 million. In comparison, last year the company earned a revenue of $5 billion and had a GAAP net loss of $3.7 billion

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