J.P. Morgan Securities: Family Dollar Stores (FDO) Solid As Ever

J.P. Morgan Securities analysts Charles Grom, Aaron Stein, Paul Trussell and Radina L Russell maintained their Neutral rating for shares of Family Dollar Stores, Inc. (NYSE: FDO), with a price target of $32.

The analysts said that they are expecting mostly good news when Family Dollar Stores releases its earnings report next Wednesday.

The analysts said they wouldn't be surprised to see a slight gain in the share price on EPS upside and guidance.

The J.P. Morgan Securities analysts wrote that, "(1) underlying sales trends remain firm, including steady consumables demand coupled with a rebound in discretionary categories, (2) margin initiatives continue to bear fruit with runway ahead for continued GPM expansion, and (3) store growth remains in focus through the balance of 2010 and beyond."