Jefferies Raises Numbers on Family Dollar Stores (FDO) Following Q2, Keeps Hold Rating
Tweet
Share
E-mailGet Alerts FDO Hot Sheet
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
Join SI Premium – FREE
Jefferies raised estimates and its price target on Family Dollar Stores Inc. (NYSE: FDO) from $52 to $53, but is keeping its Hold rating, following Q2 results.
The firm comments, "While we think management continues to do the right things for the company’s longer term health and prosperity, we believe continued gross margin pressure in the short to intermediate term will overshadow SG&A rate improvements and could limit multiple expansion. We think the company’s choppy performance explains the meaningful discount to the other dollar stores particularly during a period of accelerated investment spending."
For an analyst ratings summary and ratings history on Family Dollar Stores Inc. click here. For more ratings news on Family Dollar Stores Inc. click here.
Shares of Family Dollar Stores Inc. closed at $58.36 yesterday.
The firm comments, "While we think management continues to do the right things for the company’s longer term health and prosperity, we believe continued gross margin pressure in the short to intermediate term will overshadow SG&A rate improvements and could limit multiple expansion. We think the company’s choppy performance explains the meaningful discount to the other dollar stores particularly during a period of accelerated investment spending."
For an analyst ratings summary and ratings history on Family Dollar Stores Inc. click here. For more ratings news on Family Dollar Stores Inc. click here.
Shares of Family Dollar Stores Inc. closed at $58.36 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Rockwell Automation (ROK) PT Lowered to $490 at DA Davidson
- Keefe, Bruyette & Woods Resumes Bank of Nova Scotia (BNS:CN) (BNS) at Outperform
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign 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!
