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Fly News Breaks for January 10, 2019
BIG
Jan 10, 2019 | 05:17 EDT
Goldman Sachs analyst Christopher Prykull downgraded Big Lots to Neutral and lowered his price target for the shares to $34 from $48. The analyst cites margin concerns for the downgrade. Big Lots has posted two consecutive quarters of disappointing earnings results, primarily due to margin pressure, Prykull tells investors in a research note. Further, he's less certain this pressure will subside entering 2019.
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