UPDATE: Goldman Sachs Upgrades Family Dollar Stores to Buy

Goldman Sachs is out with its report today on Family Dollar Stores FDO, upgrading FDO to Buy from Neutral. In its report, Goldman Sachs writes, "We are upgrading FDO to Buy from Neutral with 22% upside to our upwardly revised $60, 12-month price target. We are raising our F11E/FY12E/FY13E EPS to $3.09/$3.75/$4.25 from $3.07/$3.60/$4.07, which drives our 12-month price target higher to $60 from $57." Shares of FDO closed Friday at $49.19, up 0.96% from Thursday's close.