Family Dollar Stores, Inc.(FDO) received two downgrades on Monday from both BMO and Jefferies.

Analysts at BMO, which currently rate FDO as a “Market Preform,” have decreased their price target for the company to $59. This price target suggests a 3.8% increase from the stock’s current price of $56.75.

Additionally, analysts at Jefferies have lowered their price target to $57. The firm has lowered estimates due to a lower margin mix. Jefferies currently has a “Hold” rating on the company.

Family Dollar Stores shares were mostly flat during premarket trading Monday. The stock has increased 5.6% in the past year.

The Bottom Line
Shares of Family Dollar Stores (FDO) have a 1.48% dividend yield, based on Friday’s closing stock price of $56.65. The stock has technical support in the $51-$53 price area. If the shares can firm up, we see overhead resistance around the $60-$62 price levels.

Family Dollar Stores, Inc.(FDO) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.