UPDATE: Deutsche Bank Raises Price Target on Family Dollar to $60

According to Deutsche Bank, Family Dollar (NYSE: FDO) price target is raised to $60.

Deutsche Bank said that FDO will report 1Q12 EPS on 1/5/12. Ahead of the print, it's tweaking up its estimate to $0.66 (from $0.65) on a slightly stronger comp assumption of 5.5%. “Overall, we prefer both DG/DLTR over FDO given greater EPS upside and stronger FCF generation.”

Family Dollar closed yesterday at $57.57.