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Fly News Breaks for March 9, 2018
BIG
Mar 9, 2018 | 11:17 EDT
Loop Capital analyst Anthony Chukumba said Big Lots' comparable store sales decline in Q4 was "unnerving" and he thinks the stock has reverted to being a "show me" story in terms of top-line performance. While saying he is "not terribly bothered" by the company's higher than anticipated reinvestment of its tax savings, he cut his price target on Big Lots shares to $60 from $70. Chukumba maintains a Buy rating on Big Lots.
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