Dollar Tree slips after JPMorgan pulls bull rating
Mario Tama

JPMorgan cut its rating on Dollar Tree (NASDAQ:DLTR) to Neutral from Overweight after sizing up the discounter's earnings report.
The firm lowered its price target on Dollar Tree to $150 based on a 19.3X multiple off the new FY24 EPS estimate.
"On the macro front and worth monitoring, our work points to low-end retail trends hitting a near-term peak with business deteriorating in February," warned analyst Matthew Boss.
The multi-year view on Dollar Tree (DLTR) from JPMorgan is still positive with DLTR seen returning to be a double-digit EPS compounder stock with top- and bottom-line drivers in place at the core Dollar Tree banner and stabilization at the Family Dollar concept.
Shares of Dollar Tree (DLTR) fell 2.11% in premarket trading on Thursday.
Read the Dollar Tree earnings call transcript.
Dig into the Dollar Tree Q4 numbers.