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UPDATE: Jefferies Downgrades Dollar Tree to Hold on Decelerating Comps

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Jefferies reduced its rating on Dollar Tree (NASDAQ: DLTR) from Buy to Hold and lowered its price target from $58 to $41.

Jefferies commented, "We have lowered our rating to Hold to reflect decelerating sales. After a period of multiple expansion, the P/E is now contacting and may continue to. Consumer uncertainty may be part of the problem, but increased competition, increased capacity in the industry, slowing benefits from cooler rollout and tough comparisons may also be contributing."

Dollar Tree closed at $43.28 on Thursday.

Latest Ratings for DLTR

DateFirmActionFromTo
Feb 2016Telsey Advisory GroupUpgradesMarket PerformOutperform
Jan 2016Cleveland ResearchInitiates Coverage onBuy
Dec 2015RBC CapitalUpgradesOutperformTop Pick

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Posted-In: JefferiesAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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