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Fly News Breaks for January 29, 2018
BIG
Jan 29, 2018 | 06:15 EDT
Loop Capital analyst Anthony Chukumba raised his price target on Big Lots to $70, citing better than expected holiday sales reported by other retailers as well as the overall industry trends. The analyst also points to the positive impact of the U.S. tax revisions, calling the company his "favorite long idea in the deep discount retailing sector" based in part on its attractive valuation. Chukumba keeps his Buy rating for Big Lots.
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