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Fly News Breaks for June 3, 2019
BIG
Jun 3, 2019 | 06:11 EDT
BofA/Merrill analyst Jason Haas double downgraded Big Lots to Underperform from Buy and cut his price target for the shares to $23 from $45. The company's outlook for the rest of the year may be too optimistic and could be cut further, Haas tells investors in a research note. The analyst believes shares of Big Lots "will continue to struggle" until consistent improvement in earnings growth is demonstrated.
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