Deutsche Raises Price Target and Estimates on Family Dollar Stores Inc. (FDO)

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Deutsche Bank is maintaining its Hold rating on shares of Family Dollar Stores Inc. (NYSE: FDO) and is raising its price target from $55 to $60.

Following a number of market checks, the firm is increasing its Q1 earnings estimate by $0.01 to $0.66 and now sees comps in the 5.5 percent area. Deutsche's new price target is based on its FY13 EPS estimate.

For FY12 and FY13, the firm is forecasting EPS of $3.70 and $4.20.

The company is expected to report its first quarter earnings on January 5.

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 $57.57 yesterday, with a 52 week range of $41.31-$60.53.

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