KeyBanc lowered the firm’s price target on Dollar Tree to $84 from $145 and keeps an Overweight rating on the shares. The firm notes Dollar Tree reported disappointing Q2 results, pressured by soft consumer trends that had been widely seen across the industry. Valuations for Dollar Tree and the sector are near all-time lows, KeyBanc adds. While the firm continues to see near-term consumer headwinds, KeyBanc believes self-help initiatives may improve trends and an update on a potential Family Dollar divestiture could be a positive catalyst.
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Read More on DLTR:
- Dollar Tree price target lowered to $100 from $130 at Wells Fargo
- Deeper Discounts Ahead for Dollar Tree Stock
- Dollar Tree price target lowered to $81 from $128 at Barclays
- Dollar Tree downgraded to Hold from Buy at Loop Capital
- Dollar Tree downgraded to Market Perform from Outperform at BMO Capital
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