Dollar Tree up; CEO Rick Dreiling steps down
Corrects all numbers in bullet 6
** Shares of discount store operator Dollar Tree DLTR.O rise 4% to $69.48 premarket
** Co said on Monday CEO Rick Dreiling has stepped down after nearly two years in the role
** Appoints operating chief Michael Creedon Jr as interim CEO; co on the lookout for permanent CEO
** Co also reiterated Q3 resultsforecast and commitment to complete a review of strategic options for Family Dollar segment, including potential sale
** Brokerage Morgan Stanley says the CEO transition comes at a sensitive time for DLTR, following several quarters of EBIT declines, adding both uncertainty in management as well as opportunity for accelerated change
** Nine of 29 brokerages covering the stock rate it "buy" or higher, 19 "hold" and one "sell"; with a median PT of $80.50 - LSEG data
** Up to Monday's close, stock has fallen 53% YTD
Reporting by Neil J Kanatt in Bengaluru
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