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Fly News Breaks for September 27, 2016
DLTR
Sep 27, 2016 | 07:20 EDT
Atlantic Equities downgraded Dollar Tree to Underweight with a $68 price target after analyst Sam Hudson visited Family Dollar stores in the Boston area and saw little evidence of a turnaround. With merchandising and pricing continuing to lag peers, and multiple headwinds faced by the lower income consumer, the analyst said the 2H comp inflection expected by consensus is "too demanding" and he expects multiple contraction if Family Dollar does not turn around.
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