Credit Suisse Downgrades Dollar Tree (DLTR) to Underperform

Credit Suisse downgraded Dollar Tree (NASDAQ: DLTR) from Neutral to Underperform while lowering estimates and its price target to $60.

Analyst E. Kelly commented, "We remain cautious on DLTR's acquisition of FDO given concerns about execution risk, management's ability to turn around this perennially poor performing asset, and its overall strategic fit. While the stock has pulled back recently on disappointing FDO results and slowing core DLTR momentum, we believe further downside is likely. Our proprietary earnings bridge highlights more risk."

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 $67.94 yesterday.

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