BNP Paribas earlier today downgraded Dollar Tree (DLTR) to Underperform from Neutral with a price target of $87, down from $118. The firm sees a “more tepid” sales environment for the company after price increases lap and macro headwinds ramp. Dollar Tree’s consumable units are falling and the benefits from its multi-price point strategy are waning, the analyst tells investors in a research note. BNP believes the company is also facing challenges from tax code changes, weight loss drug adoption, and agentic commerce. Dollar Tree in morning trading is down 2% to $130.87.
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