Dollar Tree price target lowered to $79 from $140 at Truist

Truist lowered the firm’s price target on Dollar Tree (DLTR) to $79 from $140 but keeps a Buy rating on the shares after its Q2 earnings miss and guidance cut. In addition to the frustrations over incremental costs continuing to be layered into the guide, the company’s have softened as macro pressures spread upstream, the analyst tells investors in a research note. Investors are also fretting over increased competitive challenges from Walmart (WMT), though the firm believes that the stock’s negatives are now “fully discounted”.