Dollar Tree shares surged over 7% Monday after Citi Research upgraded the stock to "Buy," according to Benzinga. Citi Research cited the retailer as a “silent beneficiary” of the U.S. tariffs imposed last week. Analysts set a new price target, arguing that the new tariff regime could allow Dollar Tree to raise prices without consumer pushback. The analysts also expect rivals like Temu and Shein to be hit harder and said a possible recession could further elevate Dollar Tree’s appeal.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Dollar Tree shares surged over 7% Monday after Citi Research upgraded the stock to buy, according to Benzinga.
00:08Citi Research cited the retailer as a silent beneficiary of the U.S. tariffs imposed last week.
00:14Analysts set a new price target, arguing that the new tariff regime could allow Dollar Tree to raise prices without consumer pushback.
00:21Analysts also expect rivals like Timu and Sheen to be hit harder,
00:24and said a possible recession could further elevate Dollar Tree's appeal.
00:28For all things money, visit Benzinga.com slash GSTV.