Wells Fargo Maintains Overweight on Dollar Tree, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Edward Kelly maintains an Overweight rating on Dollar Tree (NASDAQ:DLTR) but lowers the price target from $130 to $100.
September 05, 2024 | 6:06 pm
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Wells Fargo's analyst Edward Kelly maintains an Overweight rating on Dollar Tree but reduces the price target from $130 to $100, indicating a more cautious outlook.
The reduction in the price target from $130 to $100 suggests a less optimistic view on Dollar Tree's future performance, which could lead to a negative short-term impact on the stock price. However, the Overweight rating indicates that the analyst still sees potential for the stock to outperform its peers.
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IMPORTANCE 80
RELEVANCE 100