Goldman Sachs Neutral On Dollar Tree Stores

Goldman Sachs is out with a research report on Dollar Tree Stores, Inc. (NASDAQ: DLTR) and it has a Neutral rating and a $72 price target on shares.

In a note to clients, Goldman Sachs writes, "While comps have slowed, we believe DLTR is likely to be viewed as a safe haven in today's uncertain macro environment as it represents a secular winner with a defensive bias. We remain Neutral-rated as its rich valuation keeps us on the sidelines and prefer Buy-rated FDO ($49.13), which trades at just 14X and is likely to see accelerating, not decelerating, comps."

Shares of DLTR lost 93 cents yesterday to close at $65.54.