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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. ? TipRanks (@TipRanks) Jun. 9 at 08:10 AM

Family Dollar Stores downgraded by Morgan Stanley to sell. $79.00 PT. $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.

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