Goldman Sachs analyst Kate McShane double downgraded Dollar Tree (DLTR) to Sell from Buy with a price target of $103, down from $133. The shares are now pricing in the company’s better fundamentals and upside from here “gets harder,” the analyst tells investors in a research note. Goldman cites concerns around the lower income consumer, a declining consumer perception on price and value, and a preference for other discounters with improving value propositions for the double downgrade.
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