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Fly News Breaks for November 27, 2019
DLTR
Nov 27, 2019 | 08:59 EDT
Loop Capital analyst Anthony Chukumba lowered his price target on Dollar Tree to $94 and kept his Hold rating, saying the company's recent "struggles" have continued in Q3 - particularly in its "beleaguered" Family Dollar business where improved sales trends are not resulting in higher profitability. The analyst also points to Dollar Tree's much worse than expected Q4 guidance and the management's "tepid" commentary regarding its Dollar Tree Plus! multiple-price point test, along with the suspension of activist involvement by Starboard Value.
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