** Shares of discount retailer Dollar Tree DLTR.O jump 10.6% to $76.61, set for best day since May 2022, after multiple brokerages hike PTs on the stock
** Co on Wednesday said it has sold its struggling Family Dollar business for about $1 billion
** Truist Securities hikes PT on DLTR to $84 from $76, Telsey Advisory Group hikes $82 from $75
** Evercore ISI lifts target by $6, as per Thefly.com
** Truist calls Family Dollar sale a "win"; Telsey says sale allows co to focus on growth
** Truist cites sales momentum, reduction in expenses after Family Dollar sale, and sales boost from Easter holiday
** However, JP Morgan cuts PT on stock to $78 from $88, citing change to FY26 EPS forecast as Dollar Tree continues as a standalone business
** Brokerages cite risks to DLTR from U.S. tariffs, though Telsey says co has been proactive in managing risks
** Truist says extra tariffs could cost around ~$8 mln/month or ~$100 mln for the year, assuming a 60% mitigation rate; says not "devastating" on co's FY25 EPS guidance of $5-$5.50
** DLTR up 2.3% YTD
(Reporting by Lisa Pauline Mattackal)
((LisaPauline.Mattackal@thomsonreuters.com;))
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