Truist raises Dollar Tree target to $129, remains ‘aggressive’ buyer on pullback

Truist analyst Scot Ciccarelli raised the firm’s price target on Dollar Tree (DLTR) to $129 from $127 and keeps a Buy rating on the shares. The firm notes Q2 results were better than we expected, including a comp gain of 6.5% and EPS of 77c vs. its 37c. The company also raised its full year guide. The wrinkle is that Q3 is now expected to be below prior consensus forecasts due to the timing change, Truist points out. All of this is similar to investor frustrations in Q1. Nevertheless, comparable sales are strong, margins are better than the firm expected, the company is accelerating store-level investments and buying stock aggressively, even as multiple 1-times costs should roll off in 2026. Truist says it remains an “aggressive” buyer on today’s pullback.