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Fly News Breaks for March 5, 2020
Mar 5, 2020 | 08:43 EDT
RBC Capital analyst Scot Ciccarelli lowered the firm's price target on Dollar Tree to $90 after its Q4 results that missed comp expectations due to the shorter holiday season as well as compressed margins. The analyst is still keeping his Outperform rating while noting that its Family Dollar margin performance was better than he expected and its guidance appears to be "reasonable/conservative". Ciccarelli believes that the stock will be range-bound in the near term before a rebound later in 2020.
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