Dollar Tree shares are trading lower after Goldman Sachs maintained a Buy rating on the stock but lowered its price target from $145 to $90.
Portfolio Pulse from Benzinga Newsdesk
Dollar Tree shares fell after Goldman Sachs maintained a Buy rating but lowered its price target from $145 to $90.
September 10, 2024 | 3:10 pm
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NEGATIVE IMPACT
Dollar Tree's stock is trading lower following Goldman Sachs' decision to maintain a Buy rating but reduce the price target from $145 to $90.
The reduction in the price target by Goldman Sachs from $145 to $90 suggests a less optimistic outlook on Dollar Tree's future performance, which likely contributed to the decline in its stock price. The maintained Buy rating indicates some confidence in the stock, but the significant cut in the target price is a negative signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100