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Fly News Breaks for March 8, 2018
DLTR
Mar 8, 2018 | 08:46 EDT
RBC Capital analyst Scot Ciccarelli lowered his price target on Dollar Tree to $106, saying the company's Q4 result was a setback as its 3.8% comps may have been below expectations of over 4%. Ciccarelli keeps his Top Pick rating, noting the Q4 earnings were not "thesis-changing", as the company "stores remain highly attractive to consumers" while its "expanded food and consumables offering" has greatly increased Dollar Tree's addressable customer market.
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