Truist Securities Maintains Buy on Dollar Tree, Lowers Price Target to $79
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Dollar Tree but has significantly lowered its price target from $140 to $79.
September 05, 2024 | 2:05 pm
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Truist Securities has maintained a Buy rating on Dollar Tree but has significantly lowered its price target from $140 to $79, indicating potential concerns about the company's future performance.
The maintenance of a Buy rating suggests continued confidence in Dollar Tree's long-term prospects. However, the drastic reduction in the price target from $140 to $79 indicates significant concerns about the company's short-term performance or market conditions, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100