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Analysts at Goldman Sachs on Thursday cut Family Dollar Stores Inc. to neutral from buy and removed the discount chain from its Americas buy list, after second-quarter results came in below expectations the prior day. "As such, we no longer expect trends to re-accelerate in 3Q and see more limited upside to our revised 12-month $65 price target," the analysts said in a note. On Wednesday, the company cut its earnings forecast for the full year to the range of $3.73 to $3.93 a share, from an earlier estimate of $3.95 to $4.20 a share.Copyright © 2013 MarketWatch, Inc....
Shares in top U.S. packaged food companies Mondelez International Inc and PepsiCo Inc jumped on Friday on speculation that they could merge, after a report that acti...
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PMG Venture Group executive director Kristin Bentz gives her outlook on consumer spending.
Family Dollar Stores Inc. (FDO) has increased its quarterly dividend by nearly 24% and authorized a buyback of $300 million in shares, as the retailer seeks to boost...
Supervalu Inc struck a $3.3 billion deal to reduce its burdensome debt by selling five of its supermarket chains to an investor group led by Cerberus Capital Managem...
Department store chains J.C. Penney Co. , Macy's Inc. and Kohl's Corp. were downgraded by Macquarie on Wednesday. The firm, on the other hand, upgraded its ratings o...
Lowe's Cos. dropped 1.6% on Monday to lead decliners in the S&P Retail Index after it was cut to sell from hold by Canaccord Genuity. Its larger rival, Home Depot In...
BB&T Capital senior analyst Anthony Chukumba on the outlook for retailers in the dollar-store sector.
U.S. stocks edged lower on Thursday after minutes from the latest Federal Reserve meeting showed growing concern about the risks of its highly stimulative monetary p...
Stocks edged up on Thursday, adding to Wall Street's biggest single-day rally in a year on Wednesday after a deal in Washington to avert the "fiscal cliff."Investors...
Hurt by delayed tax returns, discount retailer Family Dollar Stores (NYSE:FDO) posted a weaker-than-expected 2.7% rise in fiscal second-quarter profits on Wednesday ...
Family Dollar Stores Inc.'s (FDO) fiscal second-quarter earnings edged up 2.7% as the dollar-store chain reported higher revenue, although same-store sales missed es...
Family Dollar Stores Inc. said Wednesday fiscal second-quarter net income rose to $140.1 million, or $1.21 a share, from $136.4 million, or $1.15 a share, a year ago...
U.S. stocks, which reached all-time highs at the end of March, will face the first real test of their resiliency in the coming weeks as investors parse a flood of fi...
Two big banks report Friday, helping kick off earnings season. Meanwhile, more March retail data is expected to show economic weakness, the Fed is releasing its late...
First-quarter earnings season starts this week with the traditional kickoff by Alcoa (NYSE:AA) on Monday after the close of the stock market session. Other than earn...
Discounter Dollar Tree Inc. was raised to overweight from equal-weight by Morgan Stanley on Wednesday. Behind the upgrade was the firm's survey of 1,200 consumers th...
