JP Morgan upgrades Dollar Tree: Retailer 'remains a story of stability'

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A Dollar Tree store in Miami

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The combination of Dollar Tree‘s stability and Family Dollar’s revamping initiatives, position the discount retailer well for future growth, according to JP Morgan. 

JP Morgan upgraded Dollar Tree to overweight with a December 2020 price target of $122. Prior to a restriction period, JP Morgan had a neutral rating on the stock and an $82 December 2018 price target. The stock is currently trading around $106 per share. 

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