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Fly News Breaks for December 7, 2015
BIG
Dec 7, 2015 | 06:21 EDT
Piper Jaffray analyst Peter Keith downgraded Big Lots to Neutral citing less confidence in the company's ability to post positive comps in 2016. The ongoing e-commerce rollout puts a drag on profitability and has execution risk, and management's guidance targets are "overly aggressive," Keith tells investors in a research note. He cut his price target for shares to $43 from $61.
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