Jefferies Cuts Price Target on Dollar Tree (DLTR) Following 2Q15

Jefferies maintained a Hold rating on Dollar Tree (NASDAQ: DLTR), and cut the price target to $72.00 (from $75.00), following the company's 2Q15 earnings results.

Analyst Daniel Binder commented, "Shares were pressured as uncertainty around earnings this year rose. Six contributing factors included: 1) Core DLTR SSS and profits were light of expectations, but still within plan; 2) SSS guidance for the year was narrowed to +LSD; 3) FDO profitability eroded more than expected; 4) EPS guidance was suspended; 5) Mgmt. seemed less confident about first year cash EPS accretion; 6) Cannibalization from DLTR store conversions were cited."

For an analyst ratings summary and ratings history on Dollar Tree click here. For more ratings news on Dollar Tree click here.

Shares of Dollar Tree closed at $69.65 yesterday.

You May Also Be Interested In

• EasyJet Plc. (EZJ:LN) (ESYJY) PT Raised to GBP750 at BofA Securities
• Liberty Oilfield Services (LBRT) PT Raised to $26 at ATB Capital Markets
• Citizens Financial Group (CFG) PT Raised to $43 at Citi