Family Dollar price target lowered to $69 from $78 at MKM Partners MKM Partners reduced its price target on Family Dollar after the company reported lower than expected Q1 EPS. The firm expects the company's margin trends to be weak in the near-term but predicts that the company's margin pressures will ease in 2H13, helping it to generate stronger EPS growth in 2H13. The firm maintains a Buy rating on the stock.
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).