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Fly News Breaks for August 31, 2018
BIG
Aug 31, 2018 | 10:48 EDT
Loop Capital analyst Anthony Chukumba noted that Big Lots reported its second consecutive quarter of missing its own earnings forecast and lowering its FY18 earnings guidance, by which he was disappointed, especially in light of the robust results recently reported by a number of other retailers. He lowered his price target to $43 from $48 and keeps a Hold rating on Big Lots shares.
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