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TGT Target Raised By Janney
Friday, April 9, 2010 - 9:46am | 48Analysts at Janney Montgomery reiterate their “buy” rating on Target (NYSE: TGT). The price target for TGT has been raised from $55 to $60. Shares of TGT closed at $55.64 yesterday. More Analyst Ratings here.
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Stock Market News for April 9, 2010 - Market News
Friday, April 9, 2010 - 9:30am | 501Retailers reported their strongest monthly sales growth in a decade Thursday boosting expectations of an economic recovery and helping stocks reverse an early slide. The Dow average, in the red shortly after the opening bell, staged a steady comeback as the session neared its close, helped largely...
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March Retail Sales Jump; Retail Stocks Follow Suit (GPS, ROST, TGT, JWN, COST, JCP, ANF, TJX, ARO)
Thursday, April 8, 2010 - 2:23pm | 305With consumption reigniting, retail stocks rose today, even though some of them were close to their 52-week highs. The surge was propelled by retailers achieving record sales for March. The S&P Retail Index rose almost 0.9% to 464.20. Shares of Gap (NYSE: GPS) were up 2.43% at $24.44 at 1:38pm...
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Markets Fight Back, Refusing To Be Down Two Straight Days
Thursday, April 8, 2010 - 12:09pm | 517The markets are slightly lower for the second day in a row. Global jitters are showing themselves again with Greece. At 8:30am ET, Jobless Claims were released. They showed a jump to 460,000. Expectations were for 442,000. This negative news did not have a major impact on the markets. Overall...
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Underlying Trend For FDO Accelerates
Thursday, April 8, 2010 - 11:24am | 182Analyst Patrick McKeever of MKM Partners maintains his "neutral" rating on Family Dollar Stores Inc (NYSE: FDO), while raising his estimates for the company. The target price for FDO has been raised from $35 to $41. According to MKM Partners, Family Dollar Stores has reported its 2Q10 ahead of the...
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FDO Slashed To Underweight
Thursday, April 8, 2010 - 9:13am | 47Analysts at Piper Jaffray downgrade Family Dollar (NYSE: FDO) from “neutral” to “underweight.” The price target for FDO is set to $34. Shares of FDO closed at $38.94 yesterday. More Analyst Ratings here.
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Goldman Sachs Raises Price Target For Family Dollar Stores, Inc. (FDO)
Thursday, April 8, 2010 - 8:14am | 103Analysts at Goldman Sachs have raised the 12-month price target for Family Dollar Stores, Inc. (NYSE: FDO) from $34 to $37. The new price target is based on a multiple of 12.5x FY2011 EPS estimate. Following the second-quarter results reported by the company on Wednesday, analysts have also raised...
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Target To Buy Back Trust Notes (TGT, BCS, JPM)
Wednesday, April 7, 2010 - 4:34pm | 98Target Corp. (NYSE: TGT) has announced that one of its unit is going to buy back its credit card trust notes. The notes are worth $900 million in principal. According to Reuters, the buyback offer is set to expire on April 13. The company plans to fund its purchase with liquid cash. Target Corp....
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Family Dollar Stores Inc. (FDO) Beats Analysts' Estimates
Wednesday, April 7, 2010 - 12:48pm | 115Family Dollar Stores Inc. (NYSE: FDO) jumped 4.25% to $3942 after rising to even higher levels following a wide gap-up opening on Wednesday. The U.S. discount retailer Family Dollar Stores Inc. (FDO) reported fiscal second-quarter profit excluding some items of 81 cents a share, 3.5% higher than...
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Family Dollar Beats Wall Street Estimates (FDO)
Wednesday, April 7, 2010 - 11:07am | 151Family Dollar (NYSE: FDO) reported their quarterly earnings numbers prior to the opening bell this morning, topping Wall Street estimates. The stock has moved 4% higher during the current trading session to $39.29 on the back of this report. The Matthews, North Carolina company posted second-...
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Family Dollar Continues to Surprise
Wednesday, April 7, 2010 - 9:53am | 144Family Dollar (NYSE: FDO) reported fiscal Q2 earnings of $0.81 this morning that exceeded Street expectations by 3.85%. The company also issued favorable guidance of $0.71-0.76 EPS for fiscal Q3, well above Street estimates around $0.70, as well as fiscal-year earnings which were raised to $2.48-$2...
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Family Dollar Stores, Inc.’s (FDO) Second-Quarter Profit Up By 33%
Wednesday, April 7, 2010 - 9:48am | 108Family Dollar Stores, Inc. (NYSE: FDO) has reported strong results for its second-quarter. The discount retailer reported earnings of $112.2 million, or $0.81 per share, compared with $84.1 million, or $0.60 per share reported for the same period last year. The company reported an increase of 3.6...
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Company News for April 7, 2010 - Corporate Summary
Wednesday, April 7, 2010 - 9:30am | 290• Family Dollar (NYSE:FDO) posted fiscal second quarter earnings of 81 cents a share, which beat Zacks estimates of 77 cents, on inline revenues of $2.09 billion. The firm said it sees third-quarter earnings of 71 cents to 76 cents a share • MSC Industrial (NYSE:MSM) posted fiscal second quarter...
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Stocks To Be Watched On April 7 (MON, FDO, BBBY, RT, WDFC)
Wednesday, April 7, 2010 - 7:59am | 183Monsanto Company (NYSE: MON) is expected to post its earnings for the latest quarter at $1.73 per share. MON is set to report before trading begins. Traders expect Family Dollar Stores (NYSE: FDO) to report its earnings at $0.78 per share when it declares its results for the latest quarter prior...
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Family Dollar Stores May Boost Guidance Substantially
Tuesday, April 6, 2010 - 1:03pm | 127Analysts at Buckingham Research maintain their "neutral" rating on Family Dollar Stores, Inc (NYSE: FDO). According to Buckingham Research, “After underperforming in 2009, FDO shares have vaulted 35% YTD…Considering 2% square footage growth and GMs well above historical levels, this seems almost as...