Citi Comments on Family Dollar Stores

Citi provided color on Family Dollar Stores FDO in a research report published today, after the company announced Paul White as EVP, Chief Merchandising Officer. Citi has a Buy rating and $70 price target on Family Dollar Stores. In the report, Citi states, "We expect FDO to continue to focus on revitalizing its discretionary business by: 1) being more seasonably relevant; 2) creating a more coordinated vision across discretionary categories and; 3) creating an end-to-end linkage of promotions programs." Shares of Family Dollar Stores were trading at $57.11 at the time of posting, down 1.40% from Friday's market close.