Dollar Tree is upgraded to Buy as its valuation now offers a solid margin of safety and upside amid macro uncertainty. DLTR's strategic pivot to multi-price formats and accelerated buybacks supports improved performance, with 5,300 stores now in the new format. FY26 guidance calls for 3–4% comparable sales growth, $6.5–$6.9 EPS, and $1.1–$1.2 billion in CAPEX, funding continued expansion.