Deutsche Bank has published a research report on Family Dollar Stores, Inc. (NYSE FDO).
In the report, Deutsche Bank writes "We believe that FDO took an aggressive stance to close the performance gap with industry leaders with a strong focus on improving sales productivity. This includes an aggressive store remodel program and continued merchandise mix and quality improvements. In addition, FDO is ramping up its square footage growth in 2011 with further increases beyond this year, and will increase its share buybacks, and potentially add leverage, more optimizing its capital structure."
Deutsche Bank maintains its Buy rating and $52 price target.
Family Dollar Stores closed yesterday at $44.05.
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