BMO Capital lowered the firm’s price target on Dollar Tree to $160 from $170 and keeps an Outperform rating on the shares after its Q4 results. The quarter continued to display solid traffic and share gains, and if it wasn’t for an unanticipated charge, its Q4 EPS would have beat estimates, the analyst tells investors in a research note. BMO adds that despite the volatility, the firm continues to believe that risk/reward on the stock remains favorable.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on DLTR:
- Thursday Macro & Markets Update – 03.14.24
- Dollar Tree Stock (NASDAQ:DLTR): Selloff Overdone, Says Analyst
- Dollar Tree Earnings: DLTR Stocks Dive as Q4 Results Miss Expectations
- Options Volatility and Implied Earnings Moves Today, March 13, 2024
- Dollar Tree falls 8% to $138 after Q4 results missed estimates