Deutsche Bank lowered the firm’s price target on Dollar Tree to $173 from $181 and keeps a Buy rating on the shares. The turnaround at Dollar Tree under Rick Dreiling is well underway, which was evidenced by its Q4 results, the analyst tells investors in a research note. However, 2023 "marks a meaningful investment year" for the company, adds the firm.
Published first on TheFly
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Read More on DLTR:
- Dollar Tree downgraded to Neutral on elevated capex at JPMorgan
- 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
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