As previously reported, Loop Capital analyst Anthony Chukumba downgraded Dollar Tree to Hold from Buy and lowered his price target to $105 from $115. The analyst cites the decision by Starboard Value to withdraw its 7 nominees to the board of directors in spite of the fund's view that the company is progressing with its plans to test multiple price points in the Dollar Tree concept. Chukumba contends that without the "firm commitment" to "break the buck" chainwide and in the absence of "more concrete signs of a Family Dollar turnaround", the risk-reward for Dollar Tree is "balanced at current levels".