BofA/Merrill Lynch Reinstates Dollar Tree (DLTR) at Buy

BofA/Merrill Lynch reinstates coverage on Dollar Tree (NASDAQ: DLTR) with a Buy rating and a price target of $91.00.

Analyst Robert Ohmes says the company banner is a unique asset and sees a healthy growth story. The analyst also notes that recent improvements to the business are support the results and sees the name as more insulated from the growing threat of online retail.

For an analyst ratings summary and ratings history on Dollar Tree click here. For more ratings news on Dollar Tree click here.

Shares of Dollar Tree closed at $78.50 yesterday.

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