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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."
News For DLTR From the Last 2 Days
May 19, 2022 | 07:33 EDT
Truist analyst Scot Ciccarelli lowered the firm's price target on Dollar Tree (DLTR) to $147 from $165 but keeps a Buy rating on the shares as part of a broader research note on Retail following disappointing earnings from Walmart (WMT) and Target (TGT). The analyst states that the results suggest that consumers' willingness to absorb price increases is becoming "increasingly challenged", supply chain damage has harmed demand forecasting, and the growing income bifurcation has left lower-to-middle income consumers increasingly squeezed from inflationary pressures. Ciccarelli adds that in the case of Dollar Tree, its management was already baking-in significant freight/supply chain cost increases to its FY22 outlook, though he warns that costs could exceed even this higher planned spend.