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Fly News Breaks for April 17, 2018
BIG
Apr 17, 2018 | 09:52 EDT
Loop Capital analyst Anthony Chukumba gives Big Lots CEO David Campisi credit for being an integral part of the company's successful turnaround and is disappointed to see him depart, but he also believes that the stock's current valuation "more than prices in" uncertainty related to a leadership change. Chukumba, who thinks the company's COO and CFO should be able to "hold down the fort" until a new CEO is chosen, keeps a Buy rating and $60 price target on Big Lots shares.
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