Goldman Sachs Downgrades Family Dollar Stores Inc. (FDO) to Neutral

Goldman Sachs downgraded Family Dollar Stores Inc. (NYSE: FDO) from Buy to Neutral with a price target of $65.00 (from $69.00) on weaker trends that call the inflection into question.

"Ahead of the F2Q13 print, we expected re-accelerating 2H trends to re-rate the shares," the analyst comments. "With results coming in even weaker than expected and gross margin pressure likely to linger, we are reducing our FY13/14/15 estimates to $3.77/$4.10/$4.60 from $3.99/$4.39/$4.99."

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 $60.44 yesterday.

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