Dollar Tree (DLTR) Shares Dip as Morgan Stanley Downgrades; Sees Too Much Focus on $1 Price Point
Tweet Send to a Friend
Get Alerts DLTR Hot Sheet
Price: $50.19 --0%
Rating Summary:
10 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 10
Rating Summary:
10 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 10
Trade DLTR Now!
Shares of Dollar Tree (Nasdaq: DLTR) are being sold Monday following a Morgan Stanley downgrade from Equalweight to Underweight, the equivalent of a sell call. The firm set a $45 price target on the stock.
Morgan Stanley cited a massive rise in the stock since 2009 -- a rally which has pushed the retailers multiple to a 5-year high despite "increasing risks" related to slowing same-store sales growth. Although the firm likes Dollar Tree's lack of European exposure and room for significant expansion, "we believe investors under-recognize Dollar General's increasing focus on the $1 price point, core DLTR categories and the overlap between the customer bases of the two companies."
With Dollar Tree shares down nearly 4 percent to $52.25 at last check, Morgan Stanley's new price target represents potential downside of about 14 percent.
To track all the market-moving analyst action on shares of Dollar Tree, visit our Analyst Ratings page.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Morgan Stanley cited a massive rise in the stock since 2009 -- a rally which has pushed the retailers multiple to a 5-year high despite "increasing risks" related to slowing same-store sales growth. Although the firm likes Dollar Tree's lack of European exposure and room for significant expansion, "we believe investors under-recognize Dollar General's increasing focus on the $1 price point, core DLTR categories and the overlap between the customer bases of the two companies."
With Dollar Tree shares down nearly 4 percent to $52.25 at last check, Morgan Stanley's new price target represents potential downside of about 14 percent.
To track all the market-moving analyst action on shares of Dollar Tree, visit our Analyst Ratings page.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Dollar Tree, Inc. (DLTR) Tops Q1 EPS by 2c; Issues Muted Outlook
- Raymond James Downgrades Centene (CNC) to Market Perform
- Deutsche Bank Upgrades Seagate (STX) to Buy; Sanmina (SANM) Cut to Sell, Flextronics (FLEX) & Fabrinet (FN) Cut to Hold
Create E-mail Alert Related Categories
DowngradesRelated Entities
Morgan Stanley
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
