Nomura Starts Family Dollar (FDO), Dollar Tree (DLTR) and Dollar General (DG) All at 'Buy'
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Price: $64.33 +0.48%
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
6 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade FDO Now!
Nomura initiated coverage on the Dollar Store stocks Family Dollar (NYSE: FDO), Dollar Tree (Nasdaq: DLTR) and Dollar General (NYSE: DG), all with Buy ratings.
The firm notes that the dollar stores have thrived in both good times and bad. "Since the beginning of 2006, dollar store comps have outperformed the Retail sector by an average of 3.2%," the firm notes.
The firm initiated coverage of FDO shares with a Buy rating and $63 price target, suggesting potential upside of 36%. "We believe FDO shareholders have lots of ways to win and far fewer ways to lose," the firm states.
The firm initiated coverage of DLTR shares with a Buy rating and $68 price target, suggesting potential upside of 33%. "It is a common presumption that a single-price store is flawed, and although we struggle with some elements of the business model, we firmly believe DLTR’s success is sustainable," the firm states.
The firm initiated coverage of DG with a Buy rating and $35 price target, suggesting potential upside of 24%. "We expect Dollar General to continue to grow units at a +7% clip for many years to come. The good news is that Dollar General has already absorbed the investments necessary to grow," the firm states.
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The firm notes that the dollar stores have thrived in both good times and bad. "Since the beginning of 2006, dollar store comps have outperformed the Retail sector by an average of 3.2%," the firm notes.
The firm initiated coverage of FDO shares with a Buy rating and $63 price target, suggesting potential upside of 36%. "We believe FDO shareholders have lots of ways to win and far fewer ways to lose," the firm states.
The firm initiated coverage of DLTR shares with a Buy rating and $68 price target, suggesting potential upside of 33%. "It is a common presumption that a single-price store is flawed, and although we struggle with some elements of the business model, we firmly believe DLTR’s success is sustainable," the firm states.
The firm initiated coverage of DG with a Buy rating and $35 price target, suggesting potential upside of 24%. "We expect Dollar General to continue to grow units at a +7% clip for many years to come. The good news is that Dollar General has already absorbed the investments necessary to grow," the firm states.
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