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Family Dollar Stores Cut On Weak Earnings: Goldman

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....

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  1. Family Dollar Blames Tax-Return Delay for 2Q Miss

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  3. Family Dollar Second-quarter Profit Falls Short

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