UPDATE: Deutsche Bank Downgrades Dollar Tree (DLTR) to Hold (correction)
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Dollar Tree (DLTR) Slips as Deutsche Bank Downgrades to 'Hold' on Balanced Risk/Reward, Remains Bullish Long-Term
August 9, 2021 8:35 AM EDTShares of Dollar Tree (NASDAQ: DLTR) are down 1.5% after Deutsche Bank analyst Krisztina Katai downgraded to Hold from Buy on a more balanced risk-reward.
The price target goes to $102.00 per share from $129.00, but the analyst remains positive long-term on the company.
However, we are incrementally concerned around accelerating cost pressures from both freight and wages, particularly in light of the Dollar Tree banner's fixed $1 price point which limits its ability to absorb higher costs through price increases, putting... More
