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Fly News Breaks for November 27, 2019
DLTR
Nov 27, 2019 | 07:02 EDT
Dollar Tree management "squandered much of the goodwill" garnered from investors over the past two quarters with a Q3 print that introduced a measure of uncertainty to underlying business trends, Credit Suisse analyst Judah Frommer tells investors in a research note. He lowered his price target for the shares to $108 from $125 and keeps an Outperform rating on the name. The analyst still sees Dollar Tree' ability to "check boxes" for investors looking to play an economic downturn and tariff abatement as pushing risk/reward to the upside over the next 12 months.
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