Discount retailer Family Dollar Stores, Inc. (FDO) on Tuesday caught some further bullish commentary from analysts at JP Morgan.
The firm maintained its “Overweight” rating on FDO and lifted its price target to $75, suggesting a 10% upside to the stock’s Monday closing price of $68.27. JP Morgan noted that company management has a solid strategy to grow profits over the next several quarters.
Family Dollar Stores shares, which have gained 18% year-to-date, were unchanged in premarket trading Tuesday.
The Bottom Line
Shares of Family Dollar Stores (FDO) have a 1.23% dividend yield, based on last night’s closing stock price of $68.27. The stock has technical support in the $63-$65 price area. The shares are trading right 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.