Deutsche Bank Maintains Buy on Family Dollar Stores

Deutsche Bank is out with its report today on Family Dollar Stores FDO, maintaining Buy. In a note to clients, Deutsche Bank writes, "We maintain our Buy rating and $60 price target. This is based on 16x our calendar 2012 forecast. Our long term growth rate estimate for FDO is 16%, higher than the hardline average of 13% as we believe FDO should be able to close some of the sales and margin gap with industry leaders, which will lead to above average growth in EBIT dollars." Shares of FDO closed Friday at $52.26, down 1.56% from Thursday's close.