JP Morgan Downgrades Dollar Tree to Neutral, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has downgraded Dollar Tree (NASDAQ:DLTR) from Overweight to Neutral and reduced its price target from $111 to $70, indicating a less optimistic outlook for the company's stock.
September 04, 2024 | 10:28 pm
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JP Morgan analyst Matthew Boss has downgraded Dollar Tree from Overweight to Neutral, lowering the price target from $111 to $70. This suggests a less favorable view on the stock's potential performance.
The downgrade from Overweight to Neutral by a major financial institution like JP Morgan, along with a significant reduction in the price target, indicates a negative short-term outlook for Dollar Tree. This is likely to impact investor sentiment and could lead to a decrease in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100