Piper Sandler lowered the firm’s price target on Dollar Tree to $160 from $165 and keeps an Overweight rating on the shares. The analyst views the Q2 report as “slightly disappointing” but says the post-earnings selloff is overdone. Several of the items impacting margins through Q4 are one-time in nature, the analyst tells investors in a research note. Piper’s sees nothing in earnings release that diminishes its view of Dollar Tree’s “multi-year improvement story” and greater than $10 of earnings per share by 2026.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on DLTR:
- Dollar Tree price target lowered to $112 from $130 at BofA
- Dollar Tree earnings selloff a buying opportunity, says Citi
- Dollar Tree price target lowered to $128 from $138 at Barclays
- Dollar Tree price target lowered to $162 from $172 at Deutsche Bank
- Dollar Tree price target lowered to $150 from $158 at Goldman Sachs