Dollar Tree, Inc. (DLTR) Downgraded To Underperform By Credit Suisse; Here's Why

Dollar Tree, Inc. (NASDAQ:DLTR) stock traded 0.8% low in the pre-market today after Credit Suisse expressed earnings risks following the Family Dollar Stores, Inc.(NYSE:FDO) acquisition. The firm slashed the stock price of discount variety store chain by $10 from $70 to $60, while downgrading the stock from Neutral to Underperform. This downgrade comes right after the firm cut target price by $5 last week over less-than-expected second-quarter results.