Dollar Tree will release its second-quarter earnings soon, and analysts anticipate a double-digit bottom-line growth.
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Dollar Tree, Morgan Stanley, and Accenture recently announced $2.5 billion, $20 billion, and $2 billion buyback plans, respectively, totaling $24.5 billion amid a record year for S&P 500 repurchases.
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Dollar Tree authorized a $2.5 billion buyback and posted 120 bps of gross margin expansion, prompting upgrades from Raymond James and Goldman Sachs despite lingering weak foot traffic.
Dollar Tree stock inches higher as Raymond James and Goldman Sachs upgrade the discount retailer. Here’s why each of those firms turned more bullish on DLTR shares today.
The S&P 500 Index ($SPX ) (SPY ) today is down -0.79%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.61%. September E-mini S&P futures...