Dollar Tree was upgraded to Outperform from Market Perform at Telsey Advisory Group (TAG), which said the discount retailer now offers a “cleaner story” following the sale of Family Dollar and has a clearer path for multi-year growth through its multi-price point expansion.
“We are encouraged by the early results from the introduction of multi-price point products in select categories, such as home and toys, as well as $3, $4, and $5 food/frozen and refrigerated products,” analysts led by Joseph Feldman wrote.
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