Dollar Tree price target lowered to $78 from $128 at Evercore ISI

Evercore ISI lowered the firm’s price target on Dollar Tree (DLTR) to $78 from $128 and keeps an In Line rating on the shares. Dollar Tree’s Q2 results are “a reminder of the risk inherent in executing a retail turnaround amidst an unforgiving consumer backdrop,” says the analyst, who sees the company facing the challenge – like fellow dollar stores Five Below (FIVE) and Dollar General (DG) – of driving traffic and holding share in a decelerating low to middle income shopping environment in which larger rivals like Walmart (WMT) and Amazon (AMZN) are gaining share.