UPDATE: Jefferies Raises PT on Family Dollar to $51

Jefferies is out with its report today on Family Dollar

, raising its PT from $50 to $51. In its report, Jefferies writes, "We are maintaining our Hold rating on the shares of Family Dollar heading into its Q4 earnings release. We are raising our FY11 and FY12 EPS estimates of $3.08 and $3.60 from $3.08 and $3.55, respectively. We are also introducing an FY13 EPS estimate of $4.15. We are anticipating comp store sales guidance for FY12 in the 4-6% range and 15-20% EPS growth. Our $51 price target is based on shares selling at about 14x our FY12 EPS estimate, consistent with the three-year average." At the time of posting, shares of FDO were trading pre-market at $55.08, up 0.44% from Monday's close.