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BIG

Big Lots

$46.45

-0.47 (-1.00%)

04:55
03/20/18
03/20
04:55
03/20/18
04:55

Big Lots management to meet with MKM Partners

Meeting to be held in New York on March 20 hosted by MKM Partners.

  • 20

    Mar

BIG Big Lots
$46.45

-0.47 (-1.00%)

01/10/18
01/10/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Hershey (HSY) downgraded to Underweight from Equal Weight by Morgan Stanley analyst Matthew Grainger, who said Hershey shares have meaningfully outperformed peers over the last twelve months, giving the stock a valuation premium well above its historical norm, though he does not believe that valuation gap can be maintained given the company's need for increased reinvestment paired with slowing category growth and share weakness. 2. Barclays (BCS) and Lloyds Banking (LYG) downgraded to Equal Weight from Overweight at Morgan Stanley by analyst Alvaro Serrano, who said that while he is more optimistic on its margin outlook than consensus he sees the stock having less room for a re-rating than peers given its current valuation. 3. IMAX (IMAX) downgraded to Neutral from Overweight at Piper Jaffray by analyst Stan Meyers, who sees the stock being pressured by another wave of major estimate revisions for Q4 and 2018, continued loss of casual fans and an oversaturated market in China. The analyst lowered his 2018 box office expectations from growth of 18% to growth of 3%. 4. Alaska Air (ALK) downgraded to Equal Weight from Overweight at Barclays by analyst Joseph Wolf, who believes the company needs "close to flawless" execution as a minimum requirement for the shares to perform. He sees relatively high risk in the stock. 5. Big Lots (BIG) downgraded to Perform from Outperform at Oppenheimer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/29/18
LOOP
01/29/18
NO CHANGE
Target $70
LOOP
Buy
Big Lots price target raised to $70 from $64 at Loop Capital
Loop Capital analyst Anthony Chukumba raised his price target on Big Lots to $70, citing better than expected holiday sales reported by other retailers as well as the overall industry trends. The analyst also points to the positive impact of the U.S. tax revisions, calling the company his "favorite long idea in the deep discount retailing sector" based in part on its attractive valuation. Chukumba keeps his Buy rating for Big Lots.
03/09/18
LOOP
03/09/18
NO CHANGE
Target $60
LOOP
Buy
Big Lots back to being a 'show me' story, says Loop Capital
Loop Capital analyst Anthony Chukumba said Big Lots' comparable store sales decline in Q4 was "unnerving" and he thinks the stock has reverted to being a "show me" story in terms of top-line performance. While saying he is "not terribly bothered" by the company's higher than anticipated reinvestment of its tax savings, he cut his price target on Big Lots shares to $60 from $70. Chukumba maintains a Buy rating on Big Lots.
03/12/18
MKMP
03/12/18
NO CHANGE
Target $58
MKMP
Buy
Big Lots price target lowered to $58 from $64 at MKM Partners
MKM Partners analyst Patrick McKeever lowered his price target on Big Lots to $58 after the company's comps slipped in Q4, even though the decline was due in part to "unfavorable weather in mid-January that hurt early sales of lawn & garden in Big Lots' warm markets". McKeever keeps his Buy rating on Big Lots, noting that despite weaker comps, Q4 earnings were a beat due to better than expected gross margins that more than offset higher SG&A. The analyst is also increasingly upbeat on the company's Store of the Future initiative after hearing about the concept's early performance as it could "become a meaningful catalyst later in FY18."

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