Dollar Tree price target lowered to $100 from $130 at Wells Fargo

Wells Fargo lowered the firm’s price target on Dollar Tree to $100 from $130 and keeps an Overweight rating on the shares. The firm notes Dollar Tree’s struggles with its complex turnaround continue, as macro and cost challenges resulted in another guide down. Investor confidence in dollar stores is near rock bottom, Wells adds. Dollar Tree has been “painful, but it’s worth a shot here” on a favorable risk/reward, it argues.