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Fly News Breaks for January 10, 2018
WMT, BIG
Jan 10, 2018 | 07:45 EDT
As previously reported, Oppenheimer analyst Brian Nagel downgraded Big Lots (BIG) to Perform from Outperform, citing indications of potentially moderating sales growth in furniture, a now higher, albeit still discounted valuation, and the threat of stepped-up price actions within the broader mass channel, and particularly Wal-Mart (WMT).