Wells Fargo analyst Edward Kelly views the post-earnings selloff of Dollar Tree today as overdone. While the Q4 report “certainly mixed,” nothing in it changes the positive investment thesis, the analyst tells investors in a research note. The firm believes the core Dollar Tree brand still has a significant growth runway while the company’s Family Dollar “optionality” remains underappreciated. Wells says Dollar Tree’s sum-of-the-parts is much higher than current share levels. It is a buyer on today’s weakness with an unchanged Overweight rating and $180 price target.
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