Dollar Tree should be bought on weakness, says Wells Fargo

Wells Fargo says that while Dollar Tree’s (DLTR) Q1 report provided the strongest evidence yet that its share gain has inflected on multi-price, the company’s earnings visibility continues to be plagued by tariff issues. Wells remains focused on Dollar Tree’s momentum and earnings power, and would be buyers of the stock on the post-earnings weakness. The company’s 5% comp year-to-date showcases strong response to the elevated multi-price offering and growing trade-in, the analyst tells investors in a research note. Wells keeps am Overweight rating on the shares with a $105 price target