Will This Upgrade Help Dollar Tree (DLTR) Stock Today?

NEW YORK (TheStreet) -- Dollar Tree (DLTR) shares were upgraded to "buy" from "neutral" with a $64 price target by analysts at Northcoast Research on Tuesday.

The company reported a year over year quarterly rise in sales of 7%, a same store sales increase of 2% and a rise in EPS of 13.6% during the fiscal quarter ended in April.

Shares are up slightly, 0.2% to $53.61, in early market trading today.

Must ReadWarren Buffett's 25 Favorite Stocks 

TheStreet Ratings team rates DOLLAR TREE INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate DOLLAR TREE INC (DLTR) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, notable return on equity and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

If you liked this article you might like

S&P 500 and Dow Score Records With Wall Street Upbeat Ahead of Fed

S&P 500 and Dow on Track for Records With Markets in Good Mood Ahead of Fed

Dow and S&P 500 Reach New Intraday Highs With Markets in Good Mood Ahead of Fed

Dollar Tree Promotes Philbin to CEO as Sasser Moves to Board

Analysts Wrong on iPhone; Retail Not Going Away: Best of Cramer