Piper Sandler Downgrades Dollar Tree to Neutral, Lowers Price Target to $112
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler has downgraded Dollar Tree (NASDAQ:DLTR) from Overweight to Neutral and lowered the price target from $143 to $112.
July 16, 2024 | 9:38 am
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Piper Sandler downgraded Dollar Tree from Overweight to Neutral and reduced the price target from $143 to $112, indicating a less optimistic outlook.
The downgrade from Overweight to Neutral and the significant reduction in the price target suggest that the analyst sees less potential for upside in Dollar Tree's stock. This is likely to negatively impact the stock price in the short term as investors react to the less favorable outlook.
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