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Fly News Breaks for February 28, 2020
Feb 28, 2020 | 07:31 EDT
JPMorgan analyst Matthew Boss downgraded Big Lots to Underweight from Neutral with a price target of $14, down from $31. The analyst sees "material risk" to second half of 2020 estimates after the company missed expectations in Q4. Big Lots' traffic remains negative despite elevated promotional activity, Boss tells investors in a post-earnings research note.
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