Nomura Securities Maintains a 'Neutral' on Family Dollar Stores (FDO); Preview ahead of F3Q

Nomura Securities maintains a 'Neutral' on Family Dollar Stores (NYSE: FDO), PT increased from $50 to $56.

Nomura analyst says, "We are looking for EPS of $0.92 versus Street expectations of $0.95. FQ3 guidance calls for a range of $0.92-0.97. Results should be instructive for two reasons: First, FDO’s comments should add clarity to Dollar General’s remarks regarding pricing and margins; we expect FDO to strike a more balanced tone on price increases. Second, FDO’s latest set of results (FQ2) showed a surprisingly good mix of sales, margin and costs. If FDO is able to deftly balance those elements again in FQ3, it could go a long way toward quieting critics that claim FDO has too many balls in the air."

For more ratings news on Family Dollar Stores click here and for the rating history of Family Dollar Stores click here.

Shares of Family Dollar Stores closed at $53.52 yesterday.

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