Dollar Tree downgraded to Reduce from Hold at Gordon Haskett (yesterday)

As reported yesterday, Gordon Haskett downgraded Dollar Tree (DLTR) to Reduce from Hold with a $95 price target Following the Q2 earnings report, the firm remains concerned with Dollar Tree’s move into higher price points. The company’s traffic decelerated sequentially by 240 basis points, the analyst tells investors in a research note. Gordon Haskett believes the downstream ramifications of Dollar Tree’s price changes to the business model “are immense.”