Truist Securities Maintains Buy on Dollar Tree, Lowers Price Target to $147
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Scot Ciccarelli has maintained a Buy rating on Dollar Tree (NASDAQ:DLTR) but lowered the price target from $149 to $147.
March 14, 2024 | 11:23 am
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Dollar Tree but lowers the price target from $149 to $147.
The adjustment in price target by Truist Securities reflects a slight modification in their valuation assessment of Dollar Tree. While the Buy rating is maintained, indicating continued confidence in the company's performance, the reduction in price target suggests a minor recalibration of future price expectations. This could lead to a neutral short-term impact on the stock as the market digests the slight decrease in price target against the backdrop of sustained buy recommendation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100