Dollar Tree price target raised to $123 from $109 at Bernstein

Bernstein raised the firm’s price target on Dollar Tree (DLTR) to $123 from $109 and keeps a Market Perform rating on the shares. From a macro perspective, the firm expects middle to high income consumers to be better positioned in 2026. Elevated inflation and a softening labor market has weighed on the real spending power of lower income consumers. Meanwhile, incremental tax refunds from the OBBBA are expected to disproportionately benefit middle to high income cohorts, Bernstein adds.