JP Morgan Upgrades Dollar Tree to Overweight, Raises Price Target to $157
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss has upgraded Dollar Tree (NASDAQ:DLTR) from Neutral to Overweight and increased the price target from $122 to $157.
January 29, 2024 | 10:36 am
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POSITIVE IMPACT
Dollar Tree's stock rating has been upgraded by JP Morgan from Neutral to Overweight, with a price target increase from $122 to $157.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved performance or potential of the company. The substantial increase in the price target from $122 to $157 by a reputable analyst at JP Morgan is likely to instill confidence among investors and could result in a short-term price increase for Dollar Tree's stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100