This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Family Dollar Dodges Icahn Push for Walmart Buyout for Now: StockTwits

Jefferies upgraded the stock to a buy with a $79 price target Monday. The former target was $55. Morgan Stanley released a note with the same price target Monday.

4-star analyst Daniel Binder from Jefferies upgraded rating on $FDO to BUY. http://stks.co/e0dan ? TipRanks (@TipRanks) Jun. 9 at 08:10 AM

Family Dollar Stores downgraded by Morgan Stanley to sell. $79.00 PT. http://stks.co/q0PIF $FDO ? Analyst Ratings Network (@AnalystRatingsNetwork) Jun. 9 at 09:17 AM

Jefferies analyst Daniel Binder also upgraded Dollar General to a buy on the premise that it could purchase Family Dollar and improve its competitive position. Binder said a merger between Family Dollar and Dollar General would create between $950 million and $1.2 billion in synergies. In his note, Binder said the upgrade is based on "a potential combination of Dollar General and Family Dollar and the enormous synergies we see as a result."

Family Dollar is far less interesting, he said, as a standalone company and is fairly valued at around $60 per share.

At the time of publication, the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

>>Read More:

Twitter Investors Could Still Feel More Pain

As Apple Stock Gets Sliced, It's Not Time for Investors to Split

Want to Make It as a Stock Analyst? Be One of These 3 Types

There's No Justification for Crude Oil Prices in the Stratosphere

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
DG $74.42 0.00%
FDO $78.75 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs