Goldman Sachs Upgrades Family Dollar Stores (FDO) to Buy
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Price: $79.39 --0%
Rating Summary:
0 Buy, 19 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
0 Buy, 19 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs upgraded Family Dollar Stores Inc. (NYSE: FDO) from Neutral to Buy with a price target of $60, suggesting 22% upside.
The firm said dollar stores makes sense in today's macro environment. "We believe FDO's accelerating share gains should power 20%-plus EPS growth to drive multiple expansion from today’s discounted level of 14X," the analyst said.
The firm raised F11E/FY12E/FY13E EPS to $3.09/$3.75/$4.25 from $3.07/$3.60/
$4.07.
For more ratings news on Family Dollar Stores Inc. click here and for the rating history of Family Dollar Stores Inc. click here.
Shares of Family Dollar Stores Inc. closed at $49.19 yesterday.
The firm said dollar stores makes sense in today's macro environment. "We believe FDO's accelerating share gains should power 20%-plus EPS growth to drive multiple expansion from today’s discounted level of 14X," the analyst said.
The firm raised F11E/FY12E/FY13E EPS to $3.09/$3.75/$4.25 from $3.07/$3.60/
$4.07.
For more ratings news on Family Dollar Stores Inc. click here and for the rating history of Family Dollar Stores Inc. click here.
Shares of Family Dollar Stores Inc. closed at $49.19 yesterday.
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