Wedbush Morgan Maintains a 'Hold' on Family Dollar Stores (FDO), Raises Price Target and Estimates
More News related to FDO
- Family Dollar Announces Vice President Promotion
- Family Dollar: The New North Pole For Holiday Shoppers
- Family Dollar Stores, Inc. to Broadcast 2009 Analyst and Institutional Investor Conference via Live Webcast
- Credit Suisse Upgrades Family Dollar (FDO) to Outperform
- Family Dollar (FDO) Shares Higher; CEO Comments
More News related to Analyst Comments
- Google (GOOG) To Implement First Ever Share Buyback - Broadpoint.AmTech
- Broadpoint.Amtech analyst thinks that Google (GOOG) can implement a stock buyback plan to counter dilution
- Clearwire (CLWR) Needs to Raise Up To $3B -BofA
- Merriman Curhan Ford Reiterates a 'Buy' on Regeneron (REGN); Raising Target Range
- Credit Suisse Hikes Target on Vale (VALE) to $34; Sees 91% Jump in Profits Next Year
Wedbush Morgan maintains a 'Hold' on Family Dollar Stores (NYSE: FDO), raises price target from $25 to $26.
Wedbush analyst says, "Holiday season was a success, as December sales were up 8% and comps were up 6%. Raising our Q2 EPS estimate to $0.50 (from $0.47) and our FY:09 EPS estimate to $1.81 (from $1.75). With the stock trading above our $26 price target, we see limited potential for further upside; Maintain HOLD. Raising our price target to $26 (from $25), which assumes that FDO should trade at approximately 14.0x our revised calendar 2009 EPS estimate of $1.84 (previously $1.78), or at a slight premium to our projected 13.0% longer-term earnings growth rate."
Family Dollar Stores, Inc. operates a chain of more than 6,500 general merchandise retail discount stores in 44 states, providing consumers with a selection of merchandise in neighborhood stores.
Related Categories
Analyst CommentsStocks Mentioned
+0.08Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
