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Stock Market & Financial Investment News

News Breaks
June 9, 2014
08:33 EDTDG, FDOJefferies 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.
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