Dollar Tree price target lowered to $160 from $170 at Truist

Truist lowered the firm’s price target on Dollar Tree to $160 from $170 after its Q2 results and below-consensus Q3 guidance but keeps a Buy rating on the shares. The company is a “multi-year turnaround story” where the stated primary goal is to improve sales productivity, with the expectation that sales gains will ultimately result in higher profitability, the analyst tells investors in a research note. For the stock to be down 10% due to near-term and likely temporary margin pressures when the primary goal of accelerating sales growth is being achieved doesn’t make a lot of sense, the firm added.