Dollar Tree downgraded to Neutral on elevated capex at JPMorgan

JPMorgan analyst Matthew Boss downgraded Dollar Tree to Neutral from Overweight with a price target of $150, down from $160. The analyst also removed the shares from the firm’s Analyst Focus List. Dollar Tree it transitioning to a "gross profit dollar story and its elevated capex investments will constrain its free cash flow profile over the next few years, the analyst tells investors in a research note.