UBS analyst Michael Lasser lowered the firm’s price target on Dollar Tree to $155 from $170 and keeps a Buy rating on the shares. UBS thinks the the market’s perception of Dollar Tree has become too negative, creating a skew that is sharply skewed to the upside, the analyst tells investors in a research note. With the stock now trading at $105, the firm’s analysis points to a upside downside skew that is 6-to-1, which is is quite compelling, UBS says.
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