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Fly News Breaks for April 26, 2017
BIG
Apr 26, 2017 | 05:49 EDT
Raymond James analyst Dan Wewer upgraded Big Lots two notches to Strong Buy from Market Perform and established a $60 price target. The analyst said all productivity metrics continue to improve as the company has pruned back underperforming stores and has focused on sales, productivity, EBIT%, ROIC, FCF, dividend growth, and buybacks. Wewer notes Big Lots' short interest has reached 33% and could be a benefit as the company delivers on on earnings and guidance.
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