Avery Schumer
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J.P. Morgan Goes Overweight Dollar Tree

Shares of Dollar Tree, Inc.  are down 14 percent in the last three months, after trading at a high of $78 on August 6.

JP Morgan’s Matthew R. Boss re-initiated coverage of the company with an Overweight rating and a price target of $90.

The integration of Family Dollar Stores, Inc. NYSEFDO is firmly under the control of Dollar Tree’s management, but will take time to deliver the expected synergies, Boss mentioned.