Dollar Tree price target lowered to $85 from $100 at Wells Fargo

Wells Fargo analyst Edward Kelly lowered the firm’s price target on Dollar Tree (DLTR) to $85 from $100 and keeps an Overweight rating on the shares. The firm notes Dollar Tree’s stock is as complicated as ever. Recent news suggests progress on an FDO decision and Tree still offers potential, but the macro, tariffs, SNAP, and immigration are new hurdles, Wells adds. The Q4 update looks important. Risk/reward keeps the firm interested.