Goldman Sachs Upgrades Dollar Tree to Buy, Lowers Price Target to $137
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kate McShane has upgraded Dollar Tree (NASDAQ:DLTR) from Neutral to Buy, but lowered the price target from $150 to $137.
October 17, 2023 | 10:06 am
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Goldman Sachs has upgraded Dollar Tree to Buy, indicating a positive outlook, but lowered the price target from $150 to $137, suggesting a potential downside.
The upgrade from Neutral to Buy indicates that Goldman Sachs has a positive outlook on Dollar Tree. However, the lowering of the price target suggests that they see a potential downside in the future. This could lead to increased buying pressure in the short term, but also potential selling pressure if the price nears the target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100