MKM Partners Reiterates a 'Buy' on Family Dollar Stores (FDO); Key Takeaways From NYC Investor Event
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Price: $64.02 +0.72%
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade FDO Now!
MKM Partners reiterates a 'Buy' on Family Dollar Stores Inc. (NYSE: FDO) price target of $76.00.
Analyst, Patrick McKeever, said, "We continue to see opportunity for Family Dollar to substantially narrow the productivity and profitability gap that exists between the company and key competitors, and we came from yesterday’s store tour and management presentations incrementally positive about a host of new merchandising initiatives and a new partnership agreement with McLane to supply frozen/refrigerated food and other items."
McKeever's other takeaways from NYC Investor Event: 1)
Comps Could Hit High-End of Range; 2) Margin Pressure Is No Surprise; and 3) Still See Significant Room to Grow
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 $66.43 yesterday, with a 52 week range of $44.42-$74.73.
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Analyst, Patrick McKeever, said, "We continue to see opportunity for Family Dollar to substantially narrow the productivity and profitability gap that exists between the company and key competitors, and we came from yesterday’s store tour and management presentations incrementally positive about a host of new merchandising initiatives and a new partnership agreement with McLane to supply frozen/refrigerated food and other items."
McKeever's other takeaways from NYC Investor Event: 1)
Comps Could Hit High-End of Range; 2) Margin Pressure Is No Surprise; and 3) Still See Significant Room to Grow
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 $66.43 yesterday, with a 52 week range of $44.42-$74.73.
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