Dollar Tree (DLTR) PT Lowered to $95 at BofA/Merrill Lynch Following 1Q Report; Slow Family Dollar Turnaround Fuels Weak 2Q Guide

BofA/Merrill Lynch lowered its price target on Dollar Tree (NASDAQ: DLTR) to $95.00 (from $100.00) while maintaining a Buy rating, following the company's first quarter earnings report.

Analyst Denise Chal notes the company delivered first quarter earnings per share below estimates, as the integration and accretion from the Family Dollar acquisition is moving slower than expected, but sets the stage for robust earnings growth moving forward.

You May Also Be Interested In

• Take-Two Interactive (TTWO) PT Raised to $368 at BofA Securities
• United Airlines (UAL) PT Raised to $153 at UBS Ahead of Q2 Results
• Public Storage (PSA) PT Raised to $338 at Truist Securities