Dollar Tree (DLTR) was cut by Morgan Stanley to “equal-weight” from “overweight.” Morgan Stanley does not expect DLTR to exceed the consensus expectations significantly.
"We see less room for upside in merchandise gross margins moving forward; therefore the main source for EPS upside would be driven by high-single-digit comps," Morgan Stanley elaborated.
DLTR has fallen 1.35% in pre-market trading. Read more from Benzinga's Company news.
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Posted In: EarningsNewsDowngradesMarketsAnalyst RatingsTrading IdeasConsumer DiscretionaryGeneral Merchandise StoresMorgan Stanley
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