After meeting with management, Piper Jaffray analyst Peter Keith highlights Big Lots as an "intriguing value/GARP idea" for 2019. A value idea must be cheap but also have some interesting developments, and Big Lots has several, Keith tells investors in a research note. Some of these, according to the analyst, are remodel benefits building to a 1.5%-2% comp lift, good visibility on gross margin expansion, a $100M cost take-out initiative, and new merchandising initiatives. Keith sees a "healthy" risk/reward on Big Lots shares and reiterates an Overweight rating on the name with a $44 price target.