Family Dollar Downgraded at Two Firms (FDO)

Family Dollar Downgraded at Two Firms (FDO)


Family Dollar Stores, Inc.(FDO) received two downgrades on Monday from both BMO and Jefferies.

Analysts at BMO, which currently rate FDO as a “Market Preform,” have decreased their price target for the company to $59. This price target suggests a 3.8% increase from the stock’s current price of $56.75.

Additionally, analysts at Jefferies have lowered their price target to $57. The firm has lowered estimates due to a lower margin mix. Jefferies currently has a “Hold” rating on the company.

Family Dollar Stores shares were mostly flat during premarket trading Monday. The stock has increased 5.6% in the past year.

The Bottom Line
Shares of Family Dollar Stores (FDO) have a 1.48% dividend yield, based on Friday’s closing stock price of $56.65. The stock has technical support in the $51-$53 price area. If the shares can firm up, we see overhead resistance around the $60-$62 price levels.

Family Dollar Stores, Inc.(FDO) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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