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Stock Market & Financial Investment News

News Breaks
June 9, 2014
08:33 EDTFDO, DGJefferies 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.
News For DG;FDO From The Last 14 Days
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February 26, 2015
10:33 EDTFDOAnalysts split on Dollar Tree after results, Family Dollar commentary
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09:00 EDTFDODollar Tree outlook has improved, says Wells Fargo
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08:12 EDTFDODollar Tree price target raised to $89 from $79 at UBS
UBS raised its price target on Dollar Tree (DLTR) to $89 from $79 following Q4 results which reinforced that the company has a strong, multi-year growth story. The firm cited its profitable margin profile, strong comps, and the potential to reformat hundreds of Family Dollar (FDO) stores.
07:27 EDTFDOStifel downgraded Dollar Tree on valuation, integration risks
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February 25, 2015
09:33 EDTFDODollar Tree says company, Family Dollar 'ready to integrate'
09:32 EDTFDODollar Tree says 'enthusiastic' about Family Dollar deal
Dollar Tree (DLTR) says exceeded 1B transactions in a year for the first time in company's history. Says SSS accelerated throughout the quarter. Says January was strongest comp month of the quarter. Says top selling items in the quarter included party supplies, household products, food. Says believes Canadian market can support up to 1,000 Dollar Tree stores, sees 7,000 store potential for Dollar Tree in the U.S. Sees FY15 CapEx $465M-$475M. Says expects freight costs to be a headwind to gross margin. Sees $8M headwind to sales from earlier Easter holiday. Says may see "some" product delays from West Coast port issues. Doesn't see any share repurchases in 2015. Says more enthusiastic about Family Dollar (FDO) agreement today than when deal was announced in July. Says believes can realize $300M of synergies. Comments made on the Q4 earnings conference call.
February 23, 2015
07:57 EDTDGDollar General resumed with an Overweight at JPMorgan
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February 17, 2015
18:17 EDTDGJANA Partners gives quarterly update on stakes
NEW STAKES: NCR (NCR), Liberty Ventures (LVNTA), Solarcity (SCTY), Computer Sciences Corp (CSC), Salix (SLXP), and Applied Materials (AMAT). INCREASED STAKES: Hertz (HTZ), Valeant (VRX), Walgreens Boots Alliance (WBA), Rackspace (RAX), and HD Supply (HDS). DECREASED STAKES: AIG (AIG), Actavis (ACT), Charter (CHTR), AerCap (AER), and Energy Transfer Equity (ETE). LIQUIDATED STAKES: Equinix (EQIX), Cameron International (CAM), Dollar General (DG), QEP Resources (QEP), and Amgen (AMGN).
18:06 EDTFDO, DGPaulson & Co gives quarterly update on stakes
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