JPMorgan analyst Matthew Boss upgraded Dollar Tree to Overweight from Neutral with a price target of $157, up from $122. The analyst sees the cumulative combination of the cost-of-living adjustment , gas prices, tax refunds and student loans providing a $70B lift year-over-year to consumer spending in 2024. The firm raised its Q4 same-store-sales for the Dollar Tree banner to 6% and sees the company as a deflation beneficiary.
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