Discount retailer Family Dollar Stores, Inc. (FDO) on Monday caught some continued bullish support from analysts at Goldman Sachs.
The firm maintained its “Buy” rating and $73 price target on FDO, suggesting a small upside to the stock’s Friday closing price of $70.43. A Goldman analyst said that “Our confidence stems from merchandise introductions and positive read across from peers.”
Family Dollar, which is slated to deliver its third quarter earnings report on Thursday, June 28, saw its shares trading mostly flat in premarket action on Monday.
The Bottom Line
Shares of Family Dollar Stores (FDO) have a 1.19% dividend yield, based on Friday’s closing stock price of $70.43. The stock has technical support in the $64-$65 price area. The shares are trading near all-time highs.
Family Dollar Stores, Inc. (FDO) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.