The price target for Family Dollar Stores, Inc. (NYSE:FDO) was raised Friday by analysts at Canaccord Genuity, as Dollar Tree (DLTR) moves closer to the acquisition of its rival. The firm boosted its price target on FDO to $74.50 from $56.00, but it is still below the stock's recent trading level. FDO was down 0.6% at $77.32 shortly after the open. Family Dollar Stores, Inc. (NYSE:FDO) has a 52-week range of $55.64 to $80.97. Canaccord reiterated its hold rating."We would take a much more positive view on the combined entity as it would create an instant market-share leader with over 13,000 stores and annual sales of $18 billion," analyst Laura Champine wrote. "We think DLTR's superior merchandising organization and greater store consolidation than what was included in the companies' initial outlook would drive annual synergies above the $300MM the merger is expected to generate by year three." However, Champine lowered her 2015 and 2016 annual EPS estimates for FDO to $3.14 and $3.48, respectively, even as she increased her 2015 and 2016 revenue estimates to $10.92 billion and $11.61 billion, respectively.Coverage of online urban guide Yelp Inc (NYSE:YELP) has been initiated by analysts at Sterne Agee with a buy rating and a price target of $85 a share. The price target on the stock marks a potential upside of 22% from its Thursday closing price. Shares of Yelp Inc (NYSE:YELP) were down 0.57% to $69.22 in Friday's morning session, trading within a 52-week range of $49.11 - $101.75.Synutra International, Inc. (NASDAQ:SYUT), the producer of infant formula and other nutritional products in China preliminarily reported strong gains in fiscal Q2 revenue and earnings and raised its fiscal 2015 earnings guidance. Synutra International, Inc. (NASDAQ:SYUT) is trading near the low end of its 52-week range of $4.27 to $10.00. For the quarter ended Sept. 30, the company said it expects revenue in the range of $106 million to $110 million, representing year-over-year revenue growth of at least 20%. It sees net income attributable to common stockholders in the range of $9 million to $10 million, up sharply from $6.1 million a year earlier."These positive results were due to increased IMF sales at the distributor and retail channels," Synutra said. It plans to release the full Q2 results in early November. The company maintained its revenue guidance for fiscal 2015 of $450 million to $500 million, but raised its outlook for fiscal 2015 net income to a range of $55 to $65 million. Previously, it had targeted fiscal 2015 net income of $50 to $60 million. "We are pleased to see continued strong demand for our core formula brands," said Chairman and CEO Liang Zhang. "We expect this momentum to continue in the coming quarters, resulting in strong top-line growth and greater operating leverage in fiscal 2015."
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