Fly News Breaks for March 5, 2020
Mar 5, 2020 | 07:27 EDT
Wells Fargo analyst Edward Kelly lowered the firm's price target on Dollar Tree to $97 from $125 and keeps an Overweight rating on the shares. The analyst says that Dollar Tree managed to "disappoint" investors once again, despite the fact that expectations fell considerably into the print. The quarter itself was not awful, he notes, as some negatives were offset by some positives. Unfortunately, Kelly believes the outlook "left much to be desired."
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