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Fly News Breaks for November 27, 2019
DLTR
Nov 27, 2019 | 08:18 EDT
RBC Capital analyst Scot Ciccarelli lowered his price target on Dollar Tree to $106 after its Q3 disappointment on earnings and margins along with a cut in its FY20 guidance. The analyst still keeps his Outperform rating on the stock however with sales in Q3 seen as "solid" and given his view that the pressures around tariffs, sales mix, and store-level investments should ease. Based on the improved sales momentum at Family Dollar, Ciccarelli contends that the post-earnings stock price decline of 15% is "likely excessive".
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