Barclays Sees Inflection Point on Family Dollar Stores (FDO); Raises PT and Estimates
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Price: $79.39 --0%
Rating Summary:
0 Buy, 19 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 5 | New: 40
Rating Summary:
0 Buy, 19 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 5 | Down: 5 | New: 40
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Barclays maintains an 'Overweight' on Family Dollar Stores Inc. (NYSE: FDO) price target raised from $63 to $68.
Analyst, Meredith Adler, said, "Our view of the company began to get more positive last fall when we saw that FDO was moving into a new phase of operations that included a greater focus on store level execution and the creation of a more relevant and appealing customer offering...Given the strong EPS growth achieved over the past 15 quarters and the still-reasonable valuation, we think the stock offers an attractive buying opportunity right now."
Barclays raises FY12/13 EPS estimate by $0.02 each to $3.74/4.43, respectively.
For an analyst ratings summary and ratings history on Family Dollar Stores Inc. click here. For more ratings news on Family Dollar Stores Inc. click here.
Shares of Family Dollar Stores Inc. closed at $58.36 yesterday.
Analyst, Meredith Adler, said, "Our view of the company began to get more positive last fall when we saw that FDO was moving into a new phase of operations that included a greater focus on store level execution and the creation of a more relevant and appealing customer offering...Given the strong EPS growth achieved over the past 15 quarters and the still-reasonable valuation, we think the stock offers an attractive buying opportunity right now."
Barclays raises FY12/13 EPS estimate by $0.02 each to $3.74/4.43, respectively.
For an analyst ratings summary and ratings history on Family Dollar Stores Inc. click here. For more ratings news on Family Dollar Stores Inc. click here.
Shares of Family Dollar Stores Inc. closed at $58.36 yesterday.
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