Citi Reiterates Buy on Family Dollar Stores

Citi is out with its report today on Family Dollar Stores (NYSE: FDO), reiterating Buy.

In its report, Citi writes, "While we expect FDO's stock to be pressured in the near-term, as event-driven investors move out of the name, we remain optimistic about FDO's fundamental prospects over the long-term as its initiatives to drive strong returns and EPS growth gain traction. We reiterate our Buy (1M) rating for FDO."

Shares of FDO closed Thursday at $50.99, down 4.35% from Wednesday's close.