Loop Capital analyst Anthony Chukumba lowered the firm’s price target on Dollar Tree to $170 from $195 and keeps a Buy rating on the shares. The company missed on its Q4 results, continuing its “string of inconsistency”, and its earnings guidance was very heavily back-half weighted, the analyst tells investors in a research note. The firm adds that it continues to be impressed with the Dollar Tree segment and has not yet “written off” Family Dollar entirely, but its patience for negative earnings surprises is “wearing thin”.
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