As previously reported, Raymond James downgraded Big Lots (BIG) to Outperform from Strong Buy and lowered its price target to $48 from $60. Analyst Dan Wewer's most recent pricing survey indicates Walmart's (WMT) pricing has turned more competitive, leaving value retailers to react by either lowering pricing in order to protect market share, which will impact negatively on margins, or maintain pricing, which could become a comp sales headwind once consumers take notice to Walmart's value offering. Wewer also said Big Lots expectations are so low that it will take only a modest improvement in top line results to rally the stock price.