As previously reported, Atlantic Equities analyst Sam Hudson upgraded Dollar Tree to Overweight from Neutral and a $110 price target. In a research note to investors, Hudson says that strength in the legacy Dollar Tree banner has been overwhelmed by renewed investors concerns over the Family Dollar business, and contends that while improvement is "evident," external factors impacted Family Dollar's results in Q1, creating an "extremely timely entry point" into Dollar Tree's stock. The analyst says that an aggressive, industry-wide promotional environment has masked progress at Family Dollar, and feels that Q1 was a "pause" in sequential improvement as management's initiatives gain traction.