Citi lowered the firm’s price target on Dollar Tree (DLTR) to $124 from $130 and keeps a Buy rating on the shares. The firm views the company’s earnings report as solid but notes management highlighted that Q3-to-date comps decelerated from Q2. Citi believes Dollar Tree’s multi-price strategy is working and views the stock’s risk/reward as favorable post the earnings selloff.
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Read More on DLTR:
- Dollar Tree downgraded to Reduce from Hold at Gordon Haskett (yesterday)
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- Dollar Tree’s Strong Performance and Positive Outlook Justify Buy Rating
- Dollar Tree price target raised to $75 from $70 at BofA
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