Barclays lowered the firm’s price target on Dollar Tree to $81 from $128 and keeps an Equal Weight rating on the shares. The company’s Q2 report was disappointing, largely reflecting weaker sales as seen with other dollar store chains, the analyst tells investors in a research note. The firm says the outlook was revised to reflect the sales shortfall, along with some other incremental pressures, some of which seem transitory.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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>>
Read More on DLTR:
- Dollar Tree downgraded to Hold from Buy at Loop Capital
- Dollar Tree downgraded to Market Perform from Outperform at BMO Capital
- Dollar Tree price target lowered to $81 from $128 at Barclays
- JPMorgan downgrades Dollar Tree on profitability concerns after Q2 miss
- Dollar Tree price target lowered to $79 from $140 at Truist