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Dollar Tree price target lowered to $124 from $130 at Citi

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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