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Fly News Breaks for March 9, 2018
DLTR
Mar 9, 2018 | 07:51 EDT
BMO Capital analyst Wayne Hood lowered his price target on Dollar Tree to $97 after the company's "disappointing" Q4 earnings and FY18 outlook. Hood states that a closer look at the financials indicated a "challenging" slope of SSS and EBIT margin recovery at Family Dollar, while the headwinds related to higher wages, freight, diesel, and distribution costs may not be transitory. The analyst keeps his Market Perform rating on Dollar Tree, adding that multiple compression may persist.
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