Dollar Tree shares slide as Jefferies downgrades stock on rising competition

Core Viewpoint - Shares of Dollar Tree Inc. (DLTR) experienced a decline of over 2% following a downgrade by Jefferies, which changed its rating from Hold to Underperform and reduced the price target from $110 to $70 [1] Company Summary - Jefferies downgraded Dollar Tree's stock to Underperform, indicating a negative outlook for the company's performance [1] - The price target for Dollar Tree's shares was significantly cut from $110 to $70, reflecting a more pessimistic view on the company's future valuation [1]