Barclays Maintains an 'Equalweight' on Family Dollar (FDO); All About Consistency
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Price: $79.39 --0%
Rating Summary:
0 Buy, 19 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 19 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Equalweight' on Family Dollar Stores Inc. (NYSE: FDO), boost price target from $46 to $57.
Barclays analyst says, "We believe FDO is taking the right steps to increase its relevance to both its core, low-income customer, as well as those who are more middle-income. An expanded offering of consumables, a greater number of high-quality private label sku's, a more shoppable store, and better trained staff are all contributing to more stable sales and earnings. Many of the company's initiatives will likely provide benefits in fiscal 2012, while economic conditions are likely to stay weak, supporting demand for FDO's convenience and values."
"We are introducing our 1Q12 EPS at $0.66 and lowering our FY12 by $0.03 to $3.63 to reflect more store openings than we had originally planned. We are also introducing FY13 EPS at $4.20."
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 $53.31 yesterday.
Barclays analyst says, "We believe FDO is taking the right steps to increase its relevance to both its core, low-income customer, as well as those who are more middle-income. An expanded offering of consumables, a greater number of high-quality private label sku's, a more shoppable store, and better trained staff are all contributing to more stable sales and earnings. Many of the company's initiatives will likely provide benefits in fiscal 2012, while economic conditions are likely to stay weak, supporting demand for FDO's convenience and values."
"We are introducing our 1Q12 EPS at $0.66 and lowering our FY12 by $0.03 to $3.63 to reflect more store openings than we had originally planned. We are also introducing FY13 EPS at $4.20."
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 $53.31 yesterday.
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