Jefferies upgrades Dollar General, Family Dollar on deal potential Jefferies upgraded both Dollar General (DG) and Family Dollar (FDO) to Buy from Hold citing the potential for a merger as it thinks "large synergies" could be realized. The firm sees potential for new consolidation in the space after Icahn Capital reported a 9.4% stake in Family Dollar. Jefferies raised its price target for Dollar General to $75 and its price target for Family Dollar to $79.
Trian Fund gives quarterly update on stakes NEW STAKES: None. INCREASED STAKES: PepsiCo (PEP), Mondelez (MDLZ), Bank of New York Mellon Group (BK), and Du Pont (DD). DECREASED STAKES: Family Dollar (FDO), and Ingersoll-Rand (IR). LIQUIDATED STAKES: Lazard (LAZ).