Dollar Tree (DLTR) PT Lowered to $100 at JPMorgan on 1Q Report; 'FDO Comps Missed... Weather Headwinds'
JPMorgan lowered its price target on Dollar Tree (NASDAQ: DLTR) to $100.00 (from $115.00) while maintaining a Overweight rating, following the company's first quarter earnings report.
Analyst Matthew Boss notes a reduced price target on the shares, as DLTR reported first quarter earnings per share and revenues below consensus projections fueled by negative comps of -1.4% from Family Dollar Store due "weather headwinds," while Dollar Tree saw accelerating comps of 4%.