Telsey Advisory lowered the firm’s price target on Dollar Tree to $155 from $160 and keeps an Outperform rating on the shares. The company reported “mixed” Q1 results, with inline operating margin and EPS, but softer sales, the analyst tells investors. Further, the firm was “surprised” by the announcement the company is considering strategic alternatives for Family Dollar, but continues to believe the management team will “do what is necessary” to unlock value for shareholders.
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