Truist raises Dollar Tree price target to $109, would be ‘aggressive buyers’

Truist raised the firm’s price target on Dollar Tree (DLTR) to $109 from $100 and keeps a Buy rating on the shares, telling investors to be “aggressive buyers” given the company’s strong sales momentum and clear line of sight to strong EPS growth. Comparable sales growth of 5.4% in Q1 was driven by traffic and ticket, though Q2 EPS was guided lower, despite comp momentum, due to temporary factors, notes the analyst, who points out that the team expects to claw back the additional tariff hit in Q2 through strategies that should have an ongoing benefit, such as price increases.