JPMorgan analyst Matthew Boss downgraded Dollar Tree to Neutral from Overweight with a price target of $150, down from $160. The analyst also removed the shares from the firm’s Analyst Focus List. Dollar Tree it transitioning to a "gross profit dollar story and its elevated capex investments will constrain its free cash flow profile over the next few years, the analyst tells investors in a research note.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on DLTR:
- Dollar Tree downgraded to Neutral from Overweight at JPMorgan
- Early notable gainers among liquid option names on March 1st
- Unusually active option classes on open March 1st
- Dollar Tree sees Q1 EPS $1.46-$1.56, consensus $1.85
- Dollar Tree sees FY23 EPS $6.30-$6.80, consensus $7.33
Questions or Comments about the article? Write to editor@tipranks.com