(This is CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) Some of the biggest analyst calls on Monday focused on a dollar store stock and a major U.S. airline. JPMorgan raised its rating on Dollar Tree, citing a better macro setups. Citi also upgraded American Airlines, noting it sees upside of more than 30% over the next 12 months. Check out the latest calls and chatter below. All times ET. 5:40 a.m.: JPMorgan upgrades Dollar Tree, citing stronger 2024 macroeconomic setup Due to consumer spending and merchandising headwinds, JPMorgan thinks low-end retailers are in for a better year. Analyst Matthew Boss upgraded Dollar Tree to overweight from neutral. He also raised his price target by $35 to $157, implying roughly 18.3% upside from the stock’s latest close at $132.73. “Said differently, we see 3+ years of multi-price-point “self-help ̇ driving mid-single-digit comps at a mid-teens margin profile at DT with the FDO [Family Dollar] store fleet optimization changing the investment narrative to a potential “win-win ̇ catalyst path in FY24,” Boss wrote in a Monday note. According to the analyst, growth catalysts include the acceleration of 600 Family Dollar planned store closures and a larger total addressable market for Dollar Tree, as well as a fixed price point structure that allows disinflation to be a potential multi-year opportunity for merchandise sales. Shares are up 0.4% in premarket trading. The stock has slid about 6.6% so far this year. — Pia Singh 5:40 a.m.: Citi upgrades American Airlines American Airlines shares are off to a strong start for 2024, and Citi expect even more gains from here. The bank upgraded the airline to buy from neutral, raising its price target to $20 from $14. The new forecast implies upside of 32%. “North America’s network carriers’ diversified revenue streams and solid demand for premium cabin offerings appear to provide them with superior positioning in this post-pandemic environment,” analyst Stephen Trent wrote. “Against this supportive backdrop, American’s ongoing deleveraging focus and continued low capex, along with protracted industry capacity constraints, should continue to support the likes of American Airlines.” American shares are up more than 10% year to date thus far. The stock lagged the broader market in 2023, rising just 8%, while the S & P 500 jumped 24.2%. AAL 1Y mountain AAL in past year — Fred Imbert
